342 Mission Hill Way Colorado Springs, CO 80921
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About this home
Location, open space, and Pikes Peak views all in D20 Gleneagle! This beautiful, updated home has many upgrades including two new composite decks with mountain and greenspace views, new carpet and interior paint, updated can lighting, bedroom ceiling fans, vinyl windows, a Radon mitigation system, and the HVAC and gas fireplace were serviced last month. You will love the updated kitchen with abundant storage open to the dining area and living room with a gas fireplace. The dining area has a walkout to the main level composite deck with iron railing. The primary and 2nd bedroom/office are on the second level each with their own private bathroom. The primary bedroom has a large walk-in closet and its own private deck with mountain and open space views. The third bedroom is in the basement along with a game room/study, and another 3/4 bath. There is an attached two car garage and plenty of parking for guests. Complex is pet friendly (check HOA guidelines). The complex has beautiful xeriscaped common space with walking paths, park style benches, and picnic table. The open space out the back door is owned and maintained by the Gleneagle Civic Association, the HOA for the surrounding houses. The open space is over 100 acres with maintained trails available to walk, run, bike, & walk the dog on. Gleneagle townhomes are in the center of Gleneagle minutes away from the Academy and I-25. This is a unique opportunity to live in a beautiful turn-key townhome that backs to open space with unobstructed mountain views in quiet Gleneagle, a community that is close to all that Northgate and Monument have to offer with tons of shopping, restaurants, and entertainment right around the corner. Watch the Air Force Academy jets during graduation from your deck!
Source: PPMLS #4122227
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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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