798 S Dory Lakes Dr Black Hawk, CO 80422
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About this home
Perched on a sunny hillside with sweeping views of Golden Gate Canyon State Park, this immaculately maintained Dory Lakes home offers true turn-key mountain living. Located in the heart of Gilpin County's recreation paradise, residents enjoy access to private fishing, non-motorized boating and a community park with playground, basketball court and picnic pavilion. Inside, the bright and open floor plan features vaulted ceilings and newly updated engineered wood flooring throughout most of the main level. The spacious kitchen shines with brand-new appliances, ample cabinetry and generous counter space. Just off the dining room, a private back deck overlooks aspens and a fenced yard-perfect for outdoor entertaining or furry friends. The large living room showcases a new woodstove and dramatic mountain views framed by rugged cliffs. Three bedrooms are conveniently located on the main level, including two spacious guest rooms with a beautifully updated full bath, and a primary suite with a newly renovated spa-style bath, soaking tub and private deck access. Downstairs, you'll find a generous bonus living area with two versatile spaces and another fully updated bathroom. All three bathrooms have been stylishly renovated, and the home offers peace of mind with a new roof, furnace and water heater. From your doorstep, enjoy endless adventures-fishing and boating in Dory Lakes, hiking and biking at nearby Maryland Mountain, world-class skiing at Eldora just 15 miles away or a night out in historic Black Hawk only 6 miles down the road. Golden and Nederland are within easy reach, and I-70 offers a quick route to the high country. This is a rare opportunity to own an affordable, move-in ready home with unbeatable access to the best of Rocky Mountain living.
Source: RECO #IR1044385
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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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