5402 Echo Hollow St Castle Rock, CO 80104
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About this home
More Photos Coming Soon for this Comfy and Modern 5-bedroom home for sale in Crystal Valley. This home has a great vibe, featuring hardwood floors on the main level and an open layout that's perfect for entertaining. The kitchen is exceptionally bright, offering valley views, granite countertops, and stainless steel appliances (including the fridge, range, microwave, and dishwasher). There's even a center island that seats four. Work from Home Ready; There's a main floor office with French doors, bookshelves, and plenty of storage. Upstairs, you will find the primary bedroom suite with its own bath and large walk-in closet, plus a loft area, three more bedrooms, another full bath, and a separate laundry room. Also, you will appreciate the finished walkout basement! This basement is finished with a family room, cabinets, a wet bar with a fridge, and full-size sink, a fifth bedroom, another full bathroom, and a utility/second laundry room. Lots of storage too! The separate basement entrance is super handy for visitors, in-laws, or whatever you need. Beautiful .24 acre lot with valley views, landscaped, fenced, plus an in-ground sprinkler system. Peaceful views of rolling hills and ranches from the great room, Primary bedroom, guest bedroom, and back deck. A highly desired charter school is less than 3 miles away, and the HOA includes trash, recycling, and you get access to the Crystal Valley HOA Rec Center, fitness center, dog park, trails, and pool. Plus, super low taxes under $4,000 and an assumable 2.625% VA loan. Call or text the listing agent, Thaine Swanson, for more information.
Source: RECO #8596386
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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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