Fall in Love | Discover the True Meaning of “HOME” | Thoughtfully Designed Ranch! Conveniently situated on a corner lot in the coveted community of Wolf Ranch, this 4BR/3BA, 4,106 SQFT residence immediately captures your heart with a stunning stucco exterior, immaculate landscaping, & rustic stacked stone exterior accents. Originally built in 2010, the meticulously maintained home offers an unparalleled sense of comfort with carefully curated touches throughout the interior. Soft natural light is complemented by the gorgeous luxury vinyl plank flooring, while the organically flowing layout & separate home office add to the modern appeal. Perfect for entertaining, the open concept chef’s kitchen offers foodies the dream with granite countertops, 42” alder wood cabinets, pantry, gas stove, breakfast bar island, & a breakfast nook. Enjoy easy dinner conversations in the adjoining formal dining room, or opt for more casual vibes in the grand great room, which dazzles with vaulted ceilings & a beautiful stone gas fireplace. Continue to explore to find the main-level primary bedroom featuring a spacious walk-in closet & a luxe en suite with a soaking tub, dual vanities, separate shower, pocket door, & a water closet. An extra main-level bedroom serves as a junior suite with an attached full bathroom. Explore the finished basement to discover 9’ ceilings, huge rec room, oversized storage area with built-ins, two bedrooms (each with walk-in closets), & a full bathroom boasting a dual sink vanity. Other considerations: attached 3-car garage, laundry room w/utility sink, NEW furnace, high-impact resistant roof shingles, custom stone patio, built-in fire pit, Wolf Ranch Recreation Center & pool access, Gateway Park, convenient access to the Air Force Academy, Shriever, and Peterson, near shopping, hospitals, entertainment, & I-25 (easy commutes to Denver and Downtown Colorado Springs), & much more! Come see today, and start living your best life!
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.
This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.
The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.
PUBLISHER'S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.
METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
