17920 Tom Boy Way Monument, CO 80132
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About this home
Welcome to your Colorado retreat in Woodmoor Lode, perfectly positioned for privacy, convenience, and stunning Front Range views. Set on over a half-acre lot, this 4,238 finished sq ft, 5-bedroom home offers room to live, gather, and enjoy the outdoors with two composite decks and a spacious backyard overlooking the mountains. Step inside to a bright, inviting layout with vaulted ceilings, skylights, and abundant natural light. The main level includes both a large living room with a wood-burning fireplace and a separate family room with its own fireplace and walkout to the back deck. The kitchen features stone countertops, stainless steel appliances, generous cabinet and counter space, and hardwood flooring. A dedicated office with French doors and a nearby ¾ bath adds ideal functionality for remote work or guests. Upstairs, the owner’s suite delivers spectacular views with private deck access, a walk-in closet, and an ensuite bath complete with dual vanities and an oversized shower. Two additional bedrooms and a full bathroom complete the upper level. The finished walkout basement adds even more living space, including a large recreation area with a dry bar and another fireplace, two additional bedrooms, a storage room, and an expansive laundry area. Outdoor enthusiasts will appreciate the large yard, mature trees, paver patio, and the peaceful setting tucked back from Highway 105 while remaining just minutes from Historic Monument, restaurants, shopping, and I-25. Additional highlights include a 3-car attached garage, storage shed, and a brand-new Class IV shingle roof. District 38 schools complete the exceptional value of this property. Experience space, views, and convenience in a truly special Monument location
Source: PPMLS #8661441
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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.
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