56216 Frontage Rd Shawnee, CO 80475
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About this home
Open House 9/27/2025 11AM- 1PM. Free Lender Paid 2-1 Temporary Rate Reduction with Our Preferred Lender or 2.625% Assumable Loan! Escape to your Colorado mountain retreat that boasts architectural elegance in beautiful Shawnee minutes from Bailey. This rare property blends comfort with adventure, surrounded by endless recreation & breathtaking scenery. Right outside your door are stunning mountain views, Shawnee Lake & the North Fork of the South Platte River. Living across from the prestigious Orvis North Fork Ranch, you can experience world class fly fishing. Outdoor enthusiasts will enjoy the hiking, biking, backpacking, & snowshoeing trails surrounding the property. Nearby scenic drives & high mountain passes make every season a chance to explore. Enjoy easy access to Mount Blue Sky & Lost Creek Wilderness areas, or head to nearby Chaffee and Summit Counties for hot springs, rafting, & world-class skiing. The home itself offers space, charm, & timeless character. Beautiful French doors separate the spacious first floor office from the centralized living room. The four bedrooms include a rare first floor bedroom. An upstairs versatile suite with a turret/sitting room provides plenty of space for friends & family. Beyond the turret, an enclosed porch awaits, offering extra sleeping space for guests. Outside, the covered porch with lake & mountain views is perfect for morning coffee, swinging on the porch swing, or dining in the partially enclosed turret. Enjoy gathering spots around the outdoor fire pit, relaxing soaks in the hot tub, and cozy nights by the impressive indoor stone fireplace. Whether you are seeking a full-time residence or seasonal getaway, this is a rare chance to own a Colorado lifestyle property where outdoor recreation and relaxation meet. Recent updates ensure a crisp, low-maintenance look for years to come. Schedule your showing today before this dream home slips away! Out-of-state buyers, don’t miss our Zillow digital walkthrough.
Source: RECO #9970203
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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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