17810 New London Rd Monument, CO 80132
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About this home
Step into this beautiful ranch-style home and be greeted by a bright, open floor plan designed to highlight the best of Colorado living. From the moment you enter, the attention to detail is clear—from the custom front door to the vaulted ceilings and expansive windows that flood the space with natural light. Breathtaking views from Pikes Peak to Mt. Herman serve as the perfect backdrop in nearly every room. The fully renovated kitchen is the heart of the home. A show-stopping peninsula is complemented by elevated tile backsplash, sleek quartz countertops, an abundance of counter space and two large pantries for exceptional storage. The kitchen overlooks the dining area and steps out to an upgraded composite deck, perfectly incorporating the indoor/outdoor lifestyle to enjoy the iconic Colorado sunsets. The large living room features a beautiful stone fireplace for cozy nights in! The spacious primary suite offers a private retreat, with a large walk-in shower, extended vanity, and thoughtful storage. Just off the primary bedroom is a flexible space ideal for a home office, reading nook, or fitness area. A second main-level bathroom has been fully updated with designer finishes, including quartz counters, stylish tile, and extra storage. Downstairs, the walk-out basement offers a massive family room, a bonus flex space, and three additional bedrooms with bright garden-level windows and a full bathroom. The custom office space features a butcher block desk with subtle mountain accents. A "tuck-away" wet bar and separate fridge for perfect deep couch sitting or game nights. The basement also has two storage spaces with shelving and cabinetry. Outside, the half-acre lot backs to a greenbelt for added privacy. A fenced area with flagstone paths and raised garden beds makes it ideal for pets, kids, or outdoor enthusiasts. The oversized 3-car garage includes a dedicated workshop space. Homes in this neighborhood rarely become available—don’t miss this opportunity!
Source: PPMLS #1407327
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.