5428 Suffolk Ave Castle Rock, CO 80104
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About this home
Tenants moved out and sellers just freshened the deck staining, paint touch ups, deep cleaned, carpets cleaned, NOW easy to show and move in ready for the new owner! Enjoy main-level living in this beautifully updated 1,285 sq ft home, move-in ready with modern upgrades throughout. Vaulted ceilings, laminate wood floors, and ample windows fill the space with natural light, creating an open and inviting atmosphere. The home offers 3 bedrooms and 2 full bathrooms, with French glass doors off the living room providing the option for a third bedroom, office, or rec room. The spacious eat-in kitchen features generous cabinet and countertop space—perfect for cooking and entertaining. The primary suite includes a large walk-in closet and a luxurious 5-piece en suite bathroom. Additional highlights include a separate laundry room with garage access, a fully fenced backyard with a covered patio, front and rear sprinklers, and the garage has a 240v plug for an electric car. Located behind the Matney Disc Golf Course, the property has no rear neighbors and offers improved views. Recent upgrades include a recently poured concrete driveway slab, roof installed in 2016, hot water heater 2022, a 2020-installed AC unit, and stainless steel appliances, all of which stay. Even a refrigerator with a built-in ice maker for perfect whiskey ice balls! Community amenities include a clubhouse, pool, and parks. Short and long term rentals allowed! Conveniently close to trails (hike to The Rock right out the front door), Mitchell Gulch Park, and Gateway Mesa Open Space, this home is perfect for outdoor enthusiasts. Don’t miss your chance to own this updated gem in Fountain Village!
Source: PPMLS #3922853
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.