2945 Inspiration Dr Colorado Springs, CO 80917
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About this home
THIS IS THE ONE!!! Located in the heart of Village Seven—one of Colorado Springs’ most sought-after neighborhoods—this beautifully remodeled home offers the perfect blend of modern style and timeless comfort. Enjoy a large lot size, mature trees, and unbeatable access to parks, schools, and the Homestead Trail. Inside and out, no detail has been overlooked! Recent updates include a new roof and siding (2021), brand-new water heater (2025), fresh interior and exterior paint, and luxury vinyl plank flooring throughout the main levels. The redesigned, gorgeous kitchen is a true standout, featuring custom soft-close cabinetry, abundant pantry and drawer storage, sleek new appliances, and designer lighting and fixtures. All bathrooms have been stylishly renovated with new tile, vanities, tub, and fixtures, while recessed lighting and modern finishes elevate every space. With nearly 3,000 square feet, the layout includes 4 spacious bedrooms, 2.5 baths, a dedicated laundry room with cabinetry for additional storage, and multiple living areas perfect for gathering or relaxing. The lower-level family room features a cozy wood-burning fireplace and walk-out to the back patio! Upstairs, you’ll find all four bedrooms with plush patterned carpeting, including a spacious primary suite with a beautifully tiled walk-in shower. The finished basement adds even more flexible living space, complete with brand new carpeting and a multitude of options! The fully landscaped backyard with decorative rock, mulch, and a wood burning fire pit is the perfect haven for entertaining and family fun! Beautifully and meticulously updated, this home combines a fantastic location, space, and style—just steps from everything Village Seven has to offer. Plus, it's located within the highly regarded District 11 school system and offers quick access to the Powers Corridor for shopping, dining, and everyday convenience.
Source: RECO #8209015
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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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