2899 Merry Rest Way Castle Rock, CO 80109
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About this home
WELL MAINTAINED HOME WITH OPTION FOR THIRD BEDROOM LOCATED ON LOT FACING OPEN SPACE. Located in the highly coveted Meadows neighborhood, this home offers contemporary design mixed with tranquil surroundings to offer the perfect harmony. Starting with the front porch, it's a perfect spot to take a seat and relax. Step inside to this bright and inviting home enhanced with an electric fireplace, setting the tone for warmth and sophistication. The open floor plan flows nicely into the gourmet kitchen which has a large island, high end finishes and ample space for both entertaining and everyday living. The main floor also a half bath. Upstairs you will find a large primary bedroom with an ensuite, large shower and walk-in closet with built in shelving. The second bedroom is a nice size and also has a walk-in closet. The bonus room provides the flexibility to create a guest suite, home office or third bedroom, depending on your lifestyle needs. The hall bath has an oversized single vanity, good storage and a tub/shower combo. There is also a linen closet in the hall bath great for storage. The good size laundry room is also located upstairs (washer & dryer stay), making it easier to carry clothes to and from. There is an attached 2-car garage which has a bike pulley system great for hanging bikes and shelving units for storage. The backyard is a zen-like oasis, thoughtfully landscaped to complement its serene backdrop of the Meadows trails & open space. The large patio is a perfect spot to entertain friends or enjoy a relaxing evening. Both the front yard and rear yard have irrigation systems. This home is located on a quiet 'semi circle" street, close to nature trails and parks. Along with miles of walking trails, the Meadows offers restaurants, a hospital, community pools, pickleball and tennis courts and much more. Your low HOA dues cover trash/recycling pickup, snow removal (including your driveway) and access to the community pools.
Source: RECO #4177265
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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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