13525 Wildoak Dr Colorado Springs, CO 80908
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About this home
Move-in-ready rancher in Black Forest County Club Estates. This 7.35-acre property is just what you have been waiting for! 5 bdrm, 3 ba home perfectly blends upscale finishes and thoughtful utility with room to work, live, and play. This home offers a gourmet kitchen with beautiful alder cabinets, an oversized granite island, a gas cooktop, a convection microwave, and a wall oven. The master bath features a custom double vanity and a tiled two-person walk-in shower. There are two additional bedrooms and a main-level office. The main level walks out to an oversized composite wood deck. This great home has zoned radiant heat in the basement and forced air natural gas heat with a/c on the main level. The finished basement features a Bowling Alley wood-topped wet bar with a built-in microwave oven and refrigerator. There are two pellet stoves, one on each level. The one in the basement will keep you warm while you play a game of ping-pong or watch a movie in the home theatre. Two additional bedrooms and a large bath make this a great space for you and your guests to enjoy! Lastly is the awesome 40 x 40 foot insulated RV/shop. This space will cover almost every need, whether to store your RV or give you that space for tinkering on cars or building your next project! 3-garage doors, 2-man doors, sheetrocked interior, 30 amp RV plug-in, and dump station, 220 plug for your welder. Built-in shelving, outdoor generator hookup, enclosed and installed on a concrete slab at the pole, ready for emergency power when needed. Buried fiber internet to both the shop and the home. The 7.35-acre lot has been cleared and fenced. The property is zoned for animals. The private hot tub area is a great place to retreat to at the end of a long day, or you may prefer the front porch, which gives you a perfect spot to sit and enjoy the beautiful sunset over Pikes Peak. So put this home on your must-see short list and come and see for yourself all this great house has to offer and MORE!
Source: PPMLS #3556874
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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.