4331 Mcgrew Cir Colorado Springs, CO 80911
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About this home
Welcome to this well-maintained tri-level home offering a functional layout with some interior updates and thoughtful features, set in a convenient neighborhood near schools, parks, and everyday amenities. A brand-new roof was recently installed, providing peace of mind and the potential for lower homeowners insurance premiums. The furnace and central AC (installed in 2017) and the water heater (installed in 2016) were all permitted in 2025 and updated to comply with current code. Fresh paint in select areas has been completed. The main level features a bright and spacious living area with a charming built-in window seat, ceiling fan, cozy wood-burning fireplace, and open railing that enhances the natural flow into the dining area and kitchen. Smart-home features include porch light and ceiling fan controls via switches or Alexa voice command, plus a Ring doorbell for added convenience. Four bedrooms provide flexibility: the upper-level primary suite includes a walk-in closet and a uniquely designed split-sink bath, while the second upper bedroom is ideal for family or guests. The lower level offers a family room, two additional bedrooms, one with a walk-in closet, making this floorplan highly versatile. Both bathrooms were previously remodeled, combining comfort and an updated look. A standout feature is the 12x18 finished space tucked beneath the kitchen, fully carpeted and perfect as a playroom or additional storage. Built-in ledges throughout, touch lighting, and pre-installed security/alarm equipment (just add a monitoring provider) bring comfort and practicality to daily living. Step out from the kitchen and dining area onto a concrete patio, ideal for gatherings, with ample space to garden or simply relax. With a functional layout and timeless character inside and out, this home offers comfort and plenty of potential to make it your own. Don’t miss your chance to make it yours!
Source: PPMLS #5154253
Neighborhood
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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.