Welcome to a truly rare offering in one of Colorado Springs’ most coveted locations—where unobstructed, jaw-dropping views of the Pikes Peak Mountain Range and the iconic Garden of the Gods, including the legendary Kissing Camels, steal the show from every angle. Perfectly positioned on the Colorado Springs side of the border with Manitou Springs, this home is tucked deep within an extremely sought-after community, offering both privacy and immediate access to nature. Just approximately 100 yards from the property, multiple walking trails lead directly into Garden of the Gods State Park, placing world-class hiking and scenery right outside your door. This 3-bedroom, 2-bathroom home features generously sized rooms designed for comfortable living and effortless entertaining. The spacious kitchen is ideal for meal preparation, boasting abundant counter space and an intuitive layout that flows seamlessly into the main living areas. Perfectly placed windows throughout the home flood the interior with natural light while framing postcard-worthy mountain and red rock views from every room. Step outside to a flat, fully usable yard—an exceptional find in this area—where the scenery is just as breathtaking as it is from inside. The expansive deck is a true highlight, offering a front-row seat to sunrise, sunset, and the ever-changing colors of the mountains and rock formations. A long, very private, south-facing driveway enhances both privacy and year-round usability. Wildlife is a regular and cherished presence, with frequent visits from deer, foxes, eagles, and hawks, and the occasional bear reminding you just how close you are to Colorado’s wild beauty. With unforgettable views from every window, every corner of the yard, and especially from the deck, this home offers a lifestyle that is equal parts serene, scenic, and truly one of a kind. Homes like this—combining location, privacy, trail access, and iconic views—rarely come to market.
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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