878 Tree Bark Ter Monument, CO 80132
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About this home
Property facing desirable open land which joins trail access, frequent wildlife viewing plus fun winter sledding. AUTO ENTHEUSIASTS notice the finished 3-car garage ceiling height with potential to add a car stacker/lift! Enter past the bubbling boulder, upstairs to the covered front deck for magical sunsets and serene views. Inside, hardwood floors flow effortlessly front to back in main living areas. Gourmet kitchen with abundant cabinetry, quartz counters, gas cooktop, coffee bar, under-cabinet lighting, microwave/convection oven offers dual oven ability plus huge island boasting custom board and batten adding a pop of contrast! Through the butler pantry is a flex room for dining, office or your imagination. Wood beams grace the 12’ ceilings of the living room and cozy gas fireplace with floor to ceiling brick. Primary suite enjoys a custom board and batten wall detail, cozy electric fireplace, barn door connects to spa bath with oversized frameless shower, quartz accents, framed mirrors over dual espresso vanities and a custom designed walk-in closet with abundant shelving, drawers, and shoe racks, conveniently adjoining the laundry. There is another main level bedroom, a full bath plus a half bath on the main level. Through the dual sliders is a back yard oasis with a waterfall, gas firepit under a canopy of trees great for hanging swings, hammocks and kids’ imagination. The extended patio features a gas line for grilling and maybe a game of cornhole. Downstairs note the dusk-to-dawn stair lighting, huge family room, wet bar with lighted shelves, wine racks, wine refrigerator plus a full refrigerator in huge storage area. There are three more bedrooms and two full bathrooms rounding out this level. FEATURES: Stucco/stone exterior*grill gas line*alarm*A/C & Humidifier*radon system*sump pit*6 tv mounts*wired landscape lighting*fenced yard, walking paths plus so much more. Make this 5 bd/5ba/3car oasis on over 1/3 acre in desirable Sanctuary Pointe yours.
Source: PPMLS #8953021
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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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