42395 Forest Oaks Dr Elizabeth, CO 80107
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About this home
Great new price for this home! Additionally, Seller is offering a rate buydown to help reduce your mortgage payment! This beautifully maintained two-story is ready for you! Featuring over 2500+ square feet of living space and a large garden level basement to finish as you wish. This 4 bedroom, 2 ½ bath home includes new carpet throughout! As you drive up you will see the home’s great options like the 3-car oversized garage and large parking pad for all your friends. Enjoy your morning coffee on the covered front porch. Beautiful wood floors show natural beauty and offer low maintenance. A gourmet kitchen awaits you with slab granite countertops, oversized island with storage and pantry. With expanded 42” cabinets, storage won't be an issue. The adjacent dining area provides room for entertaining guests with wood floors, access to the covered balcony, and beautiful mountain views! A spacious living room provides room to relax and enjoy the new carpet, gas log fireplace and much more! Check out the convenient mud room with barnwood wainscot and easy access to the garage. The main floor half bath includes tile floors, pedestal sink and wainscot accents. Upstairs is a large loft for your business needs or use as a 2nd entertaining area. The spacious primary bedroom highlights are new carpet, ceiling fan, impressive mountain and golf course views! Additionally, the primary suite has a 5 piece bath with soaking tub, walk-in shower and oversized closet. Also, 3 secondary bedrooms and full bath await your needs. Upper-level laundry room has tile floors and front-loading washer/dryer that stay! The basement has an abundance of natural light with over 1000+ sq. ft. to finish as you want and has a rough-in bath. You will enjoy the covered balcony with great views, room for your guests and it can be used year-round. The backyard includes a pergola, swing and space for your green thumb adventures! This neighborhood near the golf course offers a tranquil and serene atmosphere.
Source: RECO #2180144
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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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