11170 Peaceful Valley Rd Colorado Springs, CO 80925
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About this home
**Peaceful Valley Lake Estates is one of the best kept secrets in Colorado Springs! This large 5.64 acre lot in is ready for new owners. This home has been completely remodeled with tons of upgrades inside and out. Check out the Floor plan in the photos! You will fall in love with the Ranch Style, open concept and large bedrooms on the main level. Walking into the home we hope you will be instantly impressed with the brand new front doors, beautiful floors, tall ceilings, lots of natural light and open floor plan. The kitchen has an oversized granite island, newer appliances, double oven, two pantries and it's wide enough for more than one chef to cook at a time! The dining room is perfectly placed with a door to the fenced in backyard. The patio has a pergola and hot tub! The main floor has Updated bathrooms, flooring throughout and brand new carpet in all the well sized bedrooms with spacious closets. The Master bathroom was designed with you in mind. Modern, clean and spa like! Head down to the basement and you'll never want to leave. Three large bedrooms with another great open concept space to relax in. The gas fireplace creates a cozy feel yet the basement is full of light and even has a door to the backyard. Plumbing rough outs if you'd like to add a kitchenette. Zoned for horses, this property has a large 60x60 Pole Barn, Storage Shed, 40x15 Loafing Shed, large bougee Chicken coop and a shooting berm! Located in South Colorado Springs near Fountain and our military bases there is a quick commute to I25. Homes don't come up for sale in Peaceful Valley Lake Estates often so come see it today!
Source: PPMLS #8837891
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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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