10715 Horton Dr Colorado Springs, CO 80925
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About this home
4BR, 4BA, 2-story home located in south Colorado Springs in the Lorson Ranch community. The homes features 2352 sf of living space. Open floor plan great for entertaining family & friends. This beautiful home is nestled on a 0.16 acre fenced corner lot that backs to open space. Nicely landscaped w/ auto sprinklers. Central air & heat for year-round comfort. Convenient Powder Bathroom off the Entry w/ pedestal sink. The Living Rm boasts neutral carpet & a lighted ceiling fan w/ views of the backyard. It flows seamlessly into the Dining Area & Kitchen. There is a walkout from the dining room to the backyard patio for outdoor dining & relaxation. The Island Kitchen features a pantry, & espresso cabinets. Stainless steel appliances incl a smooth top range oven, microwave, dishwasher, & side by side refrigerator. The upper level hosts a laundry closet, 3BRs w/ walk-in closets, & 2BAs. The Primary BR has an adjoining shower bathroom that offers a dual sink vanity & tiled spa shower. 2 more BRs share a Full Bathroom that incl a vanity, mirror, tiled tub/shower. The Basement provides additional living space to incl a Family Rm, Bedroom, & Full Bathroom w/ vanity, mirror, & tiled tub/shower. Lorson Ranch is located 6 miles S/W of Schriever Air Force Base, 4 miles South of Peterson Space Force Base, 6 miles S/E of the Col Spgs Airport, & 5 miles East of Ft. Carson. The neighborhood offers views of Pikes Peak, the Front Range Mtns to the West, and rolling hills to the East. Lorson Ranch residents enjoy the community parks with sidewalks & trails for running & fitness. The Shops at Mesa Ridge are only 10 min away & offer grocery stores, restaurants & other convenient services. This delightful home is move-in ready & waiting for you to call it home!
Source: RECO #7175115
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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.
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