10442 Abrams Dr Colorado Springs, CO 80925
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About this home
STEP IN TO THIS WELL KEPT RANCHER, WITH AN OPEN FLOORPLAN, HIGH AND VAULTED CEILINIGS, BEAUTIFUL HARDWOOD FLOORS FLOW THROUGH THE ENTRY IN TO THE GOURMET KITCHEN, LIVING ROOM AND DINING AREA. ISLAND WITH BREAKFAST BAR AND PENDANT LIGHTING, GAS STOVE, KITCHEN PANTRY, GRANITE COUNTERS, LOADS OF CABINETS FOR STORAGE, STAINLESS STEEL APPLIANCES, REVERSE OSMOSIS SYSTEM UNDER KITCHEN SINK, FOR DELIGHTFUL FRESH DRINKING AND COOKING WATER. THERE IS ALSO A WHOLE HOME WATER SOFTENER FOR WONDERFUL SOFT WATER FOR SHOWERING OR SOAKING IN THE GARDEN TUB IN THE MASTER BATHROOM. THE PRIVATE BRIGHT AND SPACIOUS MAIN LEVEL MASTER BEDROOM, WITH CEILING FAN, AND ADJOINING 5 PIECE BATH WITH A GREAT WALK-IN CLOSET, LOCATED IN THE BACK OF THE HOME, SEPARATE FROM THE 2 ADDITIONAL MAIN LEVEL BEDROOMS AND A FULL BATH AT THE FRONT OF THE HOME. ALSO CONVENIENT MAIN LEVEL LAUNDRY ROOM. WALK DOWN IN TO THE BASEMENT ON THE BEAUTIFUL BRAND NEW OAK HARDWOOD STAIRWAY TO A LARGE FAMILY/MEDIA ROOM ALSO WITH NEW LVP FLOORING, BUILT-IN SURROUND SOUND WITH 5 CEILING SPEAKERS, A 7.2 DOLBY RECEIVER, SUBWOOFER BOX, AND THEATER PROJECTOR WITH 135" SCREEN DEC, IT FEELS AND SOUNDS AS THOUGH YOU'RE IN YOUR OWN MOVIE THEATER! WE ALSO JUST INSTALLED A NEW HOT WATER HEATER! THERE ARE 2 ADDITIONAL LARGE BEDROOMS IN THE BASEMENT AND A FULL BATH WITH A DOUBLE VANITY AS WELL. WALK OUT FROM THE DINING AREA TO THE PRIVATE BACKYARD WITH MOUNTAIN VIEWS. IN ADDITION, THERE IS A SPRINKLER SYSTEM FRONT AND BACK, AND DRIP SYSTEM, ADT SECURITY SYSTEM, FRONT AND BACK GOOGLE NEST CAMERAS, AS WELL AS NEST DOORBELL CAMERA, AND INSIDE THERMOSTAT. FULLY INSULATED GARAGE.THIS HOME HAS BEEN LOVINGLY CARED FOR, JUST WAITING FOR NEW OWNERS TO CARE FOR AS WELL!
Source: PPMLS #9241365
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.