368 Mission Hill Way Colorado Springs, CO 80921
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About this home
Exquisite and beautifully updated 3-bed/3-bath end-unit home offering main level living, award-winning D20 schools, 100+ acres of community open space and trails, and stunning panoramic Pikes Peak and mountain range views! A gracious open floor plan, vaulted ceilings, two gas fireplaces, updated kitchen with hardwood floors and slab granite countertops, main level master suite with attached bath and private deck access, walk-out lower level with expansive family room, main level laundry, oversized 2-car attached garage, and unobstructed peak views all showcase this inviting home. An open great room welcomes you inside with soaring ceilings, a warm fireplace perfect for cool Colorado evenings, and picture windows framing Front Range views. The beautifully updated kitchen offers stainless steel appliances, polished granite, refaced kitchen cabinetry, pantry, and a counter bar for casual dining. The nearby dining area opens to a private composite deck for outdoor living while enjoying sunsets over Pikes Peak. The main level master suite has vaulted ceilings, skylights, a walk-in closet plus linen closet, and private deck access, and the attached master bath features double vanities and a walk-in shower. An additional main level bedroom has access to a full hall bath, and a nearby laundry closet includes a washer and dryer. The finished walk-out lower level boasts a huge family area with a 2nd gas fireplace and a large storage room, and glass doors open to a private patio overlooking open space and mountain ranges. A spacious lower level bedroom with an attached bath allows quiet privacy for family and guests. Other home amenities include new glass doors, ceiling fans, new A/C and water heater (2021-2022), new carpet (2023), newly painted trim/doors, and an unrivaled location minutes from the Air Force Academy, I-25, shopping and restaurants. Exterior maintenance and snow/trash removal are all taken care of by the HOA. This beautiful home is not to be missed!
Source: PPMLS #1005477
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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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