351 Porphry Rd Florissant, CO 80816
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About this home
One-of-a-kind Colorado mountain sanctuary home with room to roam, relax and recharge! Multiple outbuildings make this property a hobbyist’s dream. The Main Home includes 4 bedrooms, 3 baths and 2 kitchens, ideally situated for a multi-generational household. Character abounds with the beautiful tongue-n-groove wood ceilings, moss rock fireplace and spiral staircase. Surrounded by nature, the scent of the pines will draw you in while the home itself is light and bright with tall windows, skylights and vaulted ceilings. The main level Kitchen features upgraded hickory cabinetry, newer farmhouse-style sink and upgraded glass tile backsplash. The dining area leads out to an expansive wood deck, perfect for entertaining or enjoying the privacy of this secluded location. Additional features include: woodburning fireplace for cozying up on a cold night, walkout basement with large patio area, upper level Master Suite with private balcony and hidden loft, 5-piece master bath with upgraded shower and double vanity, 2nd kitchen in basement for guest suite or in-law quarters, RV parking pad and dedicated firepit area. In addition to the main home, the “Man (or Woman) Cave” gives you an extra 1,642 sq.ft. of living space, featuring two 39x14 sq.ft. main level Rec Rooms, one with golf simulator and one with dry bar and light fixture for future pool table, plus upper level office (15x14) with built-in shelves, perfect for collection display or library, and bonus room/non-conforming bedroom (19x14). For energy-efficiency, the home and large outbuilding are both heated with Rinnai heat (propane), and master suite water is heated with solar. Other outbuildings include 2-car garage (22x22), 2-stall barn (20x16) w/concrete floor and loft, storage shed (12x10) w/workbench, & art studio shed (15x9). All this on 3.41 acres, horses allowed, on a county-maintained road. Just 4 miles from Divide with stores and other amenities. Bring your personal touches to make this home yours!
Source: PPMLS #5053190
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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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