304 Morningside Dr Colorado Springs, CO 80911
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About this home
Beautifully updated, fully wheelchair-accessible ranch with great mountain views! This single-level home offers true step-free living with smooth-entry ramps front and back, wide doorways, and easy transitions throughout. Conveniently located within walking or rolling distance of schools, parks, and shopping. Set on just over a quarter acre, this property includes a large fenced yard with mature trees, fire pit, covered porch, and a deck wired for a hot tub. Inside features a spacious living room with wood-burning fireplace, surround sound, and refinished hardwood floors (to be completed before closing). Updated kitchen with modern cabinets, new appliances, and laminate flooring. Three bedrooms down the hall, including a primary suite with private whellchair-accessible bath, plus a second full accessible bath. Fourth bedroom near the laundry area makes a great guest room, office, or caregiver/mother-in-law suite. Oversized two-car garage/shop with 100-amp panel, three 240V outlets, multiple 120V outlets, and alley access (snow-plowed in winter). Plenty of room to add breakers. Upgrades include paid-off solar panels, new AC, new furnace with humidifier, newer roof, new tankless water heater, updated electrical panels, fresh interior paint, and new flooring in kitchen, laundry, and 4th bedroom. New cabinets and stainless appliances as well Move-in ready and truly one-of-a-kind! Schedule your showing today!
Source: PPMLS #5134845
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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.