9445 Mohawk Trl Cascade, CO 80809
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About this home
this HISTORIC 1928 HOME IS READY TO BE YOURS! Discover rustic charm and modern comforts with this updated STICK BUILT 3-bedroom, 1-bathroom mountain retreat in the serene community of Chipita Park. Set on a double lot with a flat backyard and sweeping 360-degree mountain views, this home is the perfect balance of peaceful seclusion and convenient access—just a short drive to Colorado Springs. Step inside to a warm and inviting living room with a striking fieldstone fireplace, perfect for cozy evenings or entertaining guests. Updated kitchen with newer appliances Fresh closet doors and modern finishes Newer furnace and updated electrical panel Brand-new roof for peace of mind The open floor plan flows seamlessly from the spacious living room into the dining area and kitchen, while the bedrooms provide comfort and flexibility for full-time living, a weekend retreat, or a short-term rental. Enjoy the expansive porch and large concrete patio, ideal for morning coffee, al fresco dining, or stargazing in the crisp mountain air. With no light pollution, you’ll love evening skies filled with stars. The fenced dog area/chicken coop with turf and gravel makes this home as practical as it is picturesque. Just minutes from downtown, you’ll enjoy peaceful mountain living without sacrificing amenities. Year-round enjoyment: Explore nearby hiking trails, wildlife watching, summer adventures, and winter skiing. Balance of privacy and community, Roads are regularly plowed in the winter, making this a reliable year-round home. This home is being offered, fully furnished if desired, short-term rental potential—is an excellent opportunity for extra income while guests enjoy the tranquility of mountain living. Whether you’re seeking a private mountain escape, a primary residence, or an income-producing rental, this home is a must-see. Don’t miss your chance to own an exceptional retreat.
Source: PPMLS #7532889
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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.