4189 Hidden Cir Colorado Springs, CO 80917
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About this home
STUNNING UPDATED HOME in a well established neighborhood with mature trees adding to the beauty of the home. Walking into the main level you're met by an open floor plan that's perfect for family and entertainment. The spacious living room flows into both the dining and kitchen area seamlessly. The formal dining room sits just off the kitchen that boasts an eat-in dining area and breakfast bar for a more informal dining experience. The kitchen has been fully updated with natural wood cabinetry, butcher block and stone counter tops, ample storage and counter space, and matching LG appliances. The upper level hosts all three bedrooms including the master suite with ensuite bath featuring a walk-in shower. One of the upper level bedrooms, currently being utilized as an office space, walks out to the composite back decking. A wonderful space to enjoy a coffee in the morning soaking up the beautiful Colorado mountain air. A full bath, shared by bedrooms two and three, complete the upper level. Just steps down from the eat-in kitchen the family room is a wonderful space with a gas fire place and walk-out access to the back patio and spacious fenced back yard. Both the front and back yard area have been well maintained and offer a wonderful space for animals or dogs to play and would be great for entertaining on warmer days. The lower level has a half bath coupled with the laundry space. From the family room, steps lead down to the fourth bedroom which could also be utilized as a second family room, play room, theater room, exercise area, or any number of possibilities. The space is ample and the possibilities are endless. The home being located in central Colorado Springs provides ease of access to all the city has to offer. Whether it be shops to the East, Palmer Park and all the hiking and out door activities to the South, or quick access to I25 by jumping on Austin Bluffs Parkway to the North. This home is ideally located and stunning both inside and out.
Source: PPMLS #1003517
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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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