4457 Centerville Dr Colorado Springs, CO 80922
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About this home
Welcome to this extraordinary residence in High Meadows at Springs Ranch located within District 49 schools, Assumable loan! As you enter the impressive two-story foyer, a sweeping staircase and open design set the stage for the elegance that flows throughout this remarkable home. The main level offers a private office, formal living and dining rooms and a spacious family room enhanced by a fireplace and custom built-ins. The expansive kitchen is designed for both entertaining and everyday living, featuring a generous island, abundant custom cabinetry, a decorative backsplash, a dedicated coffee bar, bar seating and a bright eat-in area that opens to the outdoor patio. A convenient laundry room with a window and sink completes the main floor. Upstairs, the luxurious primary suite is a peaceful retreat with a comfortable sitting area showcasing Pikes Peak views. The fully renovated primary bathroom provides a spa-like experience with a freestanding soaking tub, dual vanities, and a large tiled shower. The adjoining walk-in closet offers exceptional storage with custom cabinetry. The second bedroom enjoys its own private en suite bath, while bedrooms three and four share a Jack-and-Jill full bath with dual vanities for convenience and style. The finished lower level is an entertainer’s dream, offering a second family room, wet bar and a private home theater with tiered seating. A guest bedroom and spa inspired bath featuring a steam shower and sauna complete this level, providing the ultimate space for relaxation and hosting. Step outside to a stunning outdoor oasis designed for both beauty and leisure. The expansive 30 by 25 patio is accented with a charming pergola, a saltwater hot tub, and surrounded by lush, mature landscaping. Additional highlights include a 3 car garage, central a/c, greenhouse, storage shed and elegant custom plantation shutters throughout the main and upper levels. Every detail of this home reflects luxury, comfort, and craftsmanship.
Source: PPMLS #8927339
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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.