2485 Falkirk Dr Colorado Springs, CO 80910
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About this home
MOVE-IN READY 4BR/4BA 2-story home in the desirable Spring Creek Traditional Neighborhood of Colorado Springs. Situated on a corner lot with stunning mountain views, this home features a xeriscaped yard with green space on the side and a fenced backyard with auto sprinklers, concrete patio, covered pergola, and storage shed, perfect for outdoor entertaining. Step inside through a contemporary front door to an open floor plan with vaulted ceilings and brand new LVP flooring throughout the main level. The spacious Living Room flows into the Dining Room with walk-out access to the backyard. The Kitchen boasts dark wood cabinets, granite countertops, a pantry, and stainless steel appliances including a 5-burner smooth top range, microwave, dishwasher, and French door refrigerator. There is a Powder Bathroom and garage access conveniently located off the Kitchen. Upstairs includes a Loft (ideal for home office), Laundry Room with washer/dryer, and 3 carpeted Bedrooms with walk-in closets. The Primary Suite offers a private Shower Bathroom with dual sink vanity, tiled walk-in shower, and tile flooring. Two additional Bedrooms share a full Bathroom with dual sinks and tiled tub/shower. The Finished Basement features a large carpeted Family Room, 4th Bedroom with walk-in closet, and full Bathroom. Central air, solar heat (paid off at closing), and ceiling fans provide year-round comfort. Paid off security system with outdoor video for extra peace of mind (buyer's pay for service). 2-car attached garage with built-in storage. Close to schools, parks, shopping, and easy commute to Fort Carson and downtown Colorado Springs. A must-see home with modern amenities and unbeatable location!
Source: PPMLS #8745154
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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.
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