3828 Valley Crest Dr Timnath, CO 80547
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About this home
Perched on an elevated corner lot with peek-a-boo views of HARMONY CLUB's 5th green and Timnath reservoir. This Ranch style residence with desirable walk out basement offers 5 bedrooms and 5 bathrooms which combines privacy, beauty, and sophistication in one of the region's most prestigious private golf course communities. For VA buyers, this property offers an exceptional opportunity with a 2.5% ASSUMABLE loan! The oversized three-car garage was built for convenience and lifestyle, with space for multiple vehicles, a golf cart, a built-in workbench with custom cabinetry, and an EV charger. Inside, timeless elegance meets modern design. Rich hardwood floors, plush new carpeting, and soaring beamed ceilings create an inviting ambiance. A custom mudroom doubles as a chic beverage station with wine cooler and commercial style ice machine - the perfect stop after a round of golf. The gourmet kitchen features luxury Thermadore appliances which includes double ovens, and a built-in refrigerator. Soft-close cabinetry, and abundant storage, seamlessly opening to the great room where wall-to-wall windows showcase Colorado's breathtaking skies. The main-level primary suite is a private sanctuary with a stepped ceiling and ambient lighting. Its spa-inspired bath offers an oversized soaking tub, steam shower, and custom walk-in closet designed for comfort and luxury. Entertain with ease on the expansive upper deck, complete with a built-in BBQ, fireplace, and stairway to the backyard oasis. The finished walk-out lower level includes a full wet bar, two additional bedroom suites, a private large screen theatre with surround sound, and a custom cedar-lined safe room. Smart-home features throughout includes a Control4 home automation/entertainment system, automated exterior holiday lighting from your cell phone or tablet, blending luxury, convenience, and technology throughout.
Source: RECO #IR1043983
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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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