With one of the most coveted view corridors in Colorado Springs, this 6,512 sq ft custom residence captures Garden of the Gods, Pikes Peak, and Pulpit Rock, all from its own backyard. An exceptional offering for the buyer who wants room to live, work, and entertain at the highest level. Step inside beneath a statement chandelier from The Broadmoor, where a formal dining room and handsome whisky room flank the entry, each warmed by real wood floors and plantation shutters. The chef's kitchen is built for gathering, with granite counters, a copper farmhouse sink, an island prep sink, dual dishwashers, and a massive walk-in pantry plumbed for a second refrigerator or icemaker. Upstairs, a true library anchors the home with floor-to-ceiling built-in shelving wrapped around a picture window that frames the mountains, an inspired home office or quiet retreat. Five bedrooms and five recently renovated baths offer space for everyone, including a serene primary suite with private deck and built-in audio. The walkout lower level is an entertainer's dream: a custom wet bar with beverage fridge, a matching pool table, and a dedicated home theater with projector, screen, and surround sound. Outdoor living takes center stage: a granite outdoor kitchen for summer dinners, a swim spa for year-round soaking, and dual-level decks wired for music, all set within the community's only fenced backyard. After dark, programmable Jellyfish lighting and a paver driveway make every arrival a grand entrance. Inside, the quality runs deeper than the finishes, with radiant heat underfoot, a whole-house vacuum, custom closets throughout, and an oversized 3-car garage with workshop, heater, and wall-mounted squat rack. Minutes to hiking trails, Award winning Private School (Pikes Peak Christian School), and downtown, yet tucked into a private, view-filled enclave. Homes like this simply do not come along often. Welcome home!
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.
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