7110 Lake Ave Fountain, CO 80817
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About this home
Don't miss out on this fully remodeled main-floor living home with separate 1-bedroom apartment on large corner lot! This beautifully renovated main-level home, completely remodeled in 2021 including new plumbing and electrical throughout features thoughtful upgrades and modern comforts. Nestled on a spacious half-acre lot with a well, this versatile property offers the perfect blend of everyday living and income-generating potential. The main part of the home offers an open living room with custom beam ceiling and gas fireplace, 3 bedrooms and 2 1/2 bathrooms, laundry room, and a stylishly updated kitchen featuring new countertops, custom cabinetry, stainless steel appliances and an artist's custom made table and bench for dining. Each bathroom is tastefully finished with modern tile work, new vanities, and quality fixtures. The home’s standout feature is the fully separate 1-bedroom apartment, complete with its own private entrance. Ideal for multigenerational living, guests, or rental income, this spacious unit includes a full kitchen, living room, bedroom, private bath and laundry—designed for comfort and independence. Outside, the expansive half-acre lot provides a fenced in area complete with patio and hot tub along with a shed/workshop that is equipped with electricity, heat and air conditioning. Enjoy the privacy and serenity of a generous lot while still being conveniently located near schools, shopping, and military bases. New gutters and class 4 shingle roof too! Whether you're looking for a turnkey home with space to grow or an investment-ready property with built-in rental potential, this exceptional offering is a rare find. Schedule your showing today!
Source: RECO #5007437
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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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