Tucked within the established community of Rustic Hills, presents a rare opportunity that feels less like a purchase and more like a discovery. This five bedroom, two bath residence offers the kind of everyday living that effortlessly balances comfort, convenience, and character. Hardwood flooring flows throughout the main level, lending warmth and refinement, while the finished basement with its soft carpeting provides additional living space ideal for hosting, relaxing, or creating a private retreat. Out back, the oversized yard unfolds with sweeping views of the Front Range, making it a natural extension of the home for gatherings both intimate and grand. Few properties in this price point can claim such a combination. You have mountain views to the west, privacy enough to entertain freely, and a location that places you minutes from the very best of Colorado Springs. Positioned between Powers and Academy, the home allows for swift access to shopping, dining, and daily essentials, while still preserving the quiet charm that Rustic Hills is known for. For those with a passion for recreation, the area offers a wealth of opportunity. A short drive connects you to multiple golf courses. Each with its own unique backdrop of fairways and mountain ridge lines. Thus providing the perfect balance of leisure and activity. Whether you’re drawn to morning tee times or simply appreciate the prestige of living in proximity to such amenities, this detail is one of many that elevates the property’s appeal. In a market where homes of this caliber rarely linger, distinguishes itself as a true value located at an intersection of lifestyle and investment that feels like the steal of a lifetime. Every detail, from the hardwood main floor to the expansive backyard, has been designed to enhance daily life while offering the kind of setting buyers aspire to call their own.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
