Welcome to this inviting, sun-filled 5-bedroom home set on a spacious corner lot in the highly sought-after Stetson Hills community! Impeccably maintained and thoughtfully upgraded, this property blends modern comfort, eco-friendly living, and exceptional outdoor spaces to create a home that you'll love for years to come. Step inside from the charming enclosed front porch into a bright and airy great room featuring vaulted ceilings, skylights, and rich bamboo flooring that radiates warmth throughout. The open kitchen is as functional as it is beautiful, offering stainless steel appliances, under-cabinet lighting, generous counter space, and a water purification system—perfect for everyday living and effortless entertaining. The main level also includes a comfortable secondary living space, a full bathroom, and a convenient main-floor bedroom ideal for guests or a dedicated home office. Upstairs, retreat to the spacious primary suite complete with a luxurious 5-piece bathroom, soaking tub, and abundant natural light. Three additional bedrooms and another full bathroom provide room for everyone, with flexibility for hobbies, work, or play. The unfinished basement offers endless possibilities—future rec room, home gym, additional bedroom—and is already plumbed with a bathroom rough-in. Outside, this property truly shines. The beautifully landscaped yard creates a private oasis featuring a tranquil pond and waterfall, mature plants, and a large partially covered deck perfect for barbecues, gatherings, or peaceful mornings with coffee. The backyard is hottub ready. The corner lot also provides RV/boat parking with hookups, making adventure a breeze. Enjoy comfort and savings with fully paid-off solar panels, a furnace and A/C both under 3 years old, and a newer water heater (2019)—all contributing to low utility costs and high efficiency. Prime eastside convenience with quick access to every corner of Colorado Springs—this location is hard to beat!
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.
