2822 Valley Hi Ave Colorado Springs, CO 80910
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About this home
Starved for space? This rare Valley Hi gem serves it up in style. On nearly half an acre & less than one block from Valley Hi Golf Course, this well-maintained 4-bedroom, 3-bath stucco and brick split level offers the kind of privacy you usually only find out of town but right in the heart of the city. Pull into the circular drive or straight into your choice of two separate 2-car garages (one oversized). The main and upper bedroom levels feature hardwood floors, double-pane vinyl windows, and skylights that flood the home with natural light. Main-level family room features a beautiful stone fireplace & gas insert. Lower-level features a bedroom & large family room has a brick fireplace with an energy-efficient wood-burning stove insert. The sunny kitchen offers a cheerful breakfast nook, with an adjacent dining area that’s open to the family room & both with easy access to the beautifully landscaped backyard. Just off the kitchen, there's a convenient home office nook that can easily convert into a walk-in pantry if you prefer. Outside, your fully fenced, park-like backyard is made for entertaining and unwinding: * Expansive concrete patio * Mature shade trees * 6-person hot tub * Two storage sheds (0x20 and 10x10) If you’ve been craving space, privacy, and a truly special setting near the golf course, this home is one you’ll want to see right away.
Source: PPMLS #5627876
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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.