15655 Falcon Ridge Ct Colorado Springs, CO 80921
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About this home
Tucked under the pines of Fox Run, this two-story home is your 90s mini-mansion makeover dream come true. The bones are all here: First there's the location, just steps from Fox Run Regional Park, our favorite place to get away and get lost on the forest trails with nothing but the sounds of the wind in the trees. D-20 schools and the areas best shopping, restaurants and the most important traffic corridors just a few minutes away. Secondly, this home has serious main-character energy. With great curb appeal and impressive architecture, the sweeping driveway makes a dramatic entrance for guests when they come to see you. It's definitely got the WOW factor. The forested lot has a green house, fire pit, expansive deck, gardens and everything you need to foster those gardening dreams at home. Inside, the wow factor continues. A grand entry and curved staircase impresses from the start. The kitchen is HUGE with expansive granite countertops, high-end appliances and tons of natural light. This home features formal and informal living areas, formal and informal dining, a main-floor master, a walk-out basement and everything you could want to kick off. your grand home makeover adventure. The elements you cannot replicate are all here. The deck does need some love and this home is aggressively priced to reflect some of the updating you'll want to take on to make this your perfect, forever home. It's move-in ready today with a few projects you can tackle later, when you're ready. What you cannot replicate is the location, the bones, the walk-out, the architecture, the vibe. This home has those pre-millennial elements you crave before everything got white, gray, square and boring. This home is all about the DETAILS.
Source: PPMLS #1631321
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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.