2840 Frazier Ln Colorado Springs, CO 80922
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About this home
Inviting Two-Story Home with RV Parking! Welcome to a home that feels as comfortable as it is practical. Thoughtfully updated inside and out, this two-story haven features new luxury vinyl flooring on the main level and an open layout that makes gathering with family and friends easy. On cooler days, curl up in the spacious living room by the cozy gas fireplace, or enjoy a cup of coffee in the sunroom, where a pellet fireplace, soaring ceilings, and beautiful mountain views create the perfect retreat. Recent upgrades provide peace of mind, including a new roof (2024), new hot water tank, and a full set of new appliances—dishwasher, refrigerator, sink, washer, and dryer. Upstairs, the primary suite offers its own en suite bath, while the additional bedrooms provide comfortable space for family, guests, or even a home office. Step outside to unwind under the large, covered patio, surrounded by mature landscaping. The yard has been refreshed with new sod in the side yard, new chain link fencing, privacy fencing, and an entry gate—making it a private and welcoming outdoor space. With RV parking, two fireplaces, and thoughtful updates throughout, this move-in ready home is ready to wrap you in comfort the moment you arrive.
Source: PPMLS #8211637
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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If you find a better price on any home, we’ll match it.
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.