VA loan
1 of 22
VA loan
$407,500

7553 Alpine Daisy Dr, Colorado Springs, CO 80925

2 beds · 2 baths · 1,462 sqft

Welcome to your dream home in The Glen. This immaculate ranch home offers 2 spacious bedrooms and a fantastic 3-car garage, giving you the ideal combination of space and style. Nestled in a community known for its architectural design and location, this home is perfect for anyone looking for a quality home with a modern, easy layout. Step inside and experience the seamless flow of this thoughtfully designed layout, where every detail has been crafted for your comfort. The expansive garage provides ample space for vehicles, storage, or even a workshop, making it versatile to suit your needs. Whether you’re seeking a tranquil haven or a home that’s effortlessly close to everything you need, this property in The Glen is the perfect choice. Positioned just 8 miles from Fort Carson, 9 miles from Peterson Space Force Base, 15 miles from Schriever Space Force Base, and 14 miles from downtown Colorado Springs, this home offers effortless access to work, premier shopping, dining, and entertainment. The community is a wonderful blend of suburban comfort and convenient access to urban amenities. Here you will find parks, walking trails, and playgrounds. The area was designed to be pedestrian-friendly, with well-lit streets. Embrace the opportunity to make this beautifully maintained residence your own. This home does also have a Assumable Loan!

Estimated
Seller's interest rate
2.375%
7%
Estimated
Monthly payment
$1,411
$2,290
You may also save up to $275,170 in total interest paid.
Listing price
$407,500

Your cash down payment
$78,417
Seller’s estimated current equity is $78,417
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $1,411 monthly payment

Financed
$329,082
Assumed mortgage 2.375% • Seller's rate
$329,082
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Lot size
0.1722 acres
Year built
2018
Type
Single Family Residence

Source: PPMLS #6460580

Loan
Remaining term
26 years, 1 month
Rate
2.375%
Monthly P&I
$1,411
Remaining loan balance
$329,082

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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.

What is an assumable mortgage?

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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.

Why is an assumable mortgage valuable?

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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.

How can you find assumable mortgage listings?

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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 “Get Notified” 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.

How do I qualify for an assumable mortgage?

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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.

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Last updated: Dec 07, 2024 12:33 am
Listing agent: Nathan Johnson ABR CRS GRI MRP (719) 209-5316
Listing provided courtesy of: RE/MAX Real Estate Group LLC (719) 534-7900
Details provided by PPMLS and may not match the public record.
MLS ID: #6460580
The real estate listing information and related content displayed on this site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,411/mo
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