1519 Oakmont Dr Colorado Springs, CO 80921
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About this home
This stately 4,599 sq ft home offers stunning views of Pikes Peak and the majestic Front Range. Features include 5 bedrooms, 4 bathrooms, dedicated main level office, 3-car garage, central A/C, hardwood floors, 2 water heaters, humidifier and a finished walk-out basement. Step in from the covered entry to the 2-story foyer and grand staircase. An arched entry on the left takes you into the formal dining room with tray ceiling. The arched entry on the right brings you into the formal living room with multiple windows to Front Range views. Follow the rich wood floors to the great room boasting a cathedral ceiling, multiple windows, gas fireplace and ceiling fan. The adjacent eat-in kitchen offers double ovens, granite countertops, an island, s/s appliances and pantry. Refrigerator included! Walk-out from the kitchen to a deck with views, pergola and backyard access. A dedicated main level office w/French doors & walk-in closet, ceiling fan and views, a powder room and laundry space with garage access and utility sink complete the main level. Upstairs is the expansive primary suite w/incredible mountain views, ceiling fan, window seat and tray ceiling. The en-suite bath also boasts a soaking tub, double vanity and enviable walk-in closet. There are two additional bedrooms and a full bathroom upstairs, all with mountain views. Downstairs is the spacious family and rec rooms featuring above-grade windows. Walk-out from here to the backyard space and two concrete patios. Two additional bedrooms, a ¾ bath and large storage space round out the basement. Located in a prime Academy School District location, there are parks, schools, dining, coffee shops, entertainment and shopping just minutes away.
Source: PPMLS #2812970
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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.