3505 Tranquility Trl Castle Rock, CO 80109
Your savings
About this home
Lovely townhome in the Morgan's Run Subdivision located in the central part of The Meadows of Castle Rock*This unit faces a mountain view & open area*This feels like a single family home in the way it lives*A sweet fenced, front yard to enjoy the views. Room to have a BBQ setup, seating area & garden spot*Welcome inside to a wonderful floorplan! The 2-story, living room offers a great place to relax & is open to the kitchen & dining area*This is a popular model featuring main floor living areas & 3 bedrooms upstairs*The kitchen features larger tile counters & flooring*All appliances including a brand new dishwasher are included*Bar stool seating is at the end*Across from the kitchen is a spacious dining area*The first floor is completed with a laundry closet (washer & dryer are included) & a private 1/2 bath*The coat closet has access to a crawl space for storage*Heading upstairs, you will find 3 bedrooms with lots of natural light*A 3/4 bath with access to both the hall & the second bedroom*The primary bedroom has a 5 piece bathroom & mountain views*The 3rd bedroom is used as a study with a great wall shelving treatment to display your personal decor*The attached 2-car garage is appreciated in all weather conditions*There is parallel parking out front + guest parking areas all around*The location is near parks/hiking trails/dog park/The Grange community center & pool*The Meadows subdivision is near the shopping outlet mall, restaurants, grocery stores & more*Paintbrush Park is just down the road*The neighborhood is so quiet & peaceful*This is the perfect place to call your home!
Source: RECO #6892439
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.
This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.
The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.
PUBLISHER'S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.
METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.