2028 Crystal Peak Dr Lake George, CO 80827
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About this home
Mountain escape set-up with almost 5 acres, located just moments away from National Forest access trails for endless hiking, and recreating! Also just 25 minutes from Woodland Park, and only 1 hour to snow skiing, & just 10 minutes to trophy trout fishing in Eleven Mile Canyon! The home has been upgraded w/ a new rustic redwood deck covered front porch; new exterior paint; covered rear wraparound deck w/ awning and new deck spindles, overlooking views to the South; upgraded electrical service to house; new 24' x 50' pole barn/shop w/ an attached studio apartment living quarters w/ shiplap walls, wood ceilings, and 3/4 bath. Other additions include a new free-standing wood-burning stove in the family room set in a masonry stacked rock hearth, w/ sheet metal backing; Beetle kill knotty pine tongue and groove; barnwood shiplap accent walls and doors; Mini split A/C and heater in family room; large owners suite adorned w/ electric wall fireplace, attached to 5pc bath w/ a freestanding soaking tub, and two walk-in closets; Kitchen includes stainless appliances, & Butcher block and granite countertops; dining area is surrounded by sheet metal chair rail; Re-roofed in 2018; Outdoors includes 2 heated chicken coops; livestock fenced area with electricity and water running to the pen; greenhouse; Lookout at "Pride Rock" w/ firepit, and electrical in place, in addition to a seating area; RV parking; 2/3 of the yard is fenced on the perimeter; Septic was pumped Fall 2024. This property is set-up as a small ranchette and ready for your livestock, pets, and the whole family! Comfortably set-up for a wonderful mountain escape!
Source: PPMLS #4526745
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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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