13916 Paradise Villas Grv Colorado Springs, CO 80921
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About this home
Welcome to this beautiful ranch-style home located in the exclusive, gated community of Paradise Villas, in the highly sought-after Northgate area. This elegant property offers true maintenance-free living, giving you more time to enjoy the Colorado lifestyle. Step inside to discover stunning wood flooring that flows seamlessly throughout the main level. The gourmet kitchen boasts custom cabinetry, a granite slab island with counter bar seating, and stainless steel appliances—perfect for entertaining and everyday living. The kitchen opens to a spacious dining area and a bright, open-concept living room featuring a cozy gas log fireplace. From the living room, walk out to your private covered rear deck—an ideal space to relax and take in the breathtaking Colorado sunsets. The serene primary suite is your personal retreat, complete with a spacious walk-in closet and a luxurious 5-piece bath featuring dual vanities, a soaking tub, and an oversized walk-in shower with a rain shower head. A secondary bedroom (or optional study) and a beautifully appointed 3/4 guest bath are also located on the main level, along with a convenient laundry room offering direct access to the primary walk in closet and garage. Brand new finished basement adds incredible value—(plumbed for a wet bar) and ready for the new owners to enjoy the spacious new living space. Whether you envision a home theater, game room, or additional guest suites, the possibilities are endless. Additional updates include newer carpet, blinds, and fresh paint. Plenty of storage space throughout the home. Located just minutes from I-25, the Air Force Academy, shopping, dining, and hospitals, this home offers unparalleled convenience in one of the most desirable communities in North Colorado Springs. Don’t miss your chance to make this stunning home yours!
Source: PPMLS #5301036
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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.