1565 Charmwood Dr Colorado Springs, CO 80906
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About this home
Imagine calling this gorgeous property "Home!" Nestled in the desirable Cheyenne Meadows neighborhood with sweeping Cheyenne Mountain views, and the slower southwest Colorado Springs pace... You'll love living here. Drive up to instant curb appeal, where the covered front porch offers views of a park and open space across the street. Step inside to wide-open spaces flooded in natural sunlight. Every room is bright and inviting, and accented with majestic vaulted ceilings, an open upper landing, and walls of windows. Cooks will love the spacious updated kitchen which shines with rich granite countertops and stainless steel appliances. The adjacent family room and dining room make this the perfect space for entertaining and gatherings. The spaciousness extends to the upstairs where the bright and airy floorpan flows effortlessly from room to room. The generous master suite boasts a 5-piece bathroom and there are two more auxiliary bedrooms and another full bath nearby. But that's not all... step into the big basement and let your imagination run wild! There's a great room... Plus another bedroom and full bath, making it a great guest suite or private suite. Imagine the fun times you can have on the large back patio and back yard. The possibilities are endless. Just minutes from Ft. Carson with easy access to I-25... Sooo close to parks, hiking, schools, shopping, restaurants and so much more. Great Home, Great Neighborhood and Great Opportunity in the coveted 80906 zip code!
Source: PPMLS #9930095
Loan details
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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.