2070 Alamosa Dr Colorado Springs, CO 80920
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About this home
Spectacular Custom home w/ unobstructed views of Pikes Peak and Front Range. Rare location near Voyager & Interquest w/ a private country feel. Gorgeous curb appeal w/ stucco & stone, wood beams, iron gate, concrete tile roof, and front courtyard w/ fireplace. Open floor plan w/ soaring ceilings, oversized tile flooring, incredible mtn views, formal dining, sun room, loads of natural light, executive office w/ built ins, & gas fireplace. Gourmet kitchen features high level granite counters, solid alder cabinets w/ hardware, designer tile backsplash, Bosch appliances, built in butcher block cutting board, 2nd prep sink w/ disposal, trimmed out imperial range hood, & Viking gas range. Master suite features Karastan Luxury Kashmere nylon carpet with ½ inch 8-lb moisture barrier padding & mtn views. Attached 5 piece bath w/ hydromassage tub, spa walk in shower w/ rain head, tile flooring, separate sinks, and large walk in closet with his/her sides. Staircase w/ wrought iron spindles and custom trim work. Upper level boasts large open loft open to main level & an amazing bunk room w/ balcony. Every bedroom has an attached bathroom except for basement! Large walk out basement features wet bar, newer lvp flooring, & more mtn views! Backyard is perfect for entertaining w/ large multi-level stamped concrete patio, stone walls, iron railings, turf play set area, and loads of space. Kolbe windows and doors throughout. High end radiant heating system. Two Quiet Cool whole house fans for the house & one for the garage. Large main level laundry w/ 2nd hook up in basement. Large storage room! Oversized 3 car garage. MonierLife tile roof. Hunter Douglass window shades (some remote controlled). Newer well pump. Incredibly rare and valuable location. County land so no rules on short term renting for extra income! Pride of ownership doesn't begin to tell the story. Must see in person!
Source: PPMLS #9162990
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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.