4966 Spokane Way Colorado Springs, CO 80911
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About this home
An inviting opportunity awaits in the heart of Painted Sky at Waterview. Set against a backdrop of serene mountain views, this charming 5-bedroom, 3.5-bath residence pairs thoughtful updates with an airy, open layout designed for easy living. A warm, unassuming facade with stone accents welcomes, hinting at the comfort found within. Inside, a light-filled floor plan unfolds with elegant luxury vinyl flooring and vaulted ceilings that amplify the sense of space. A dedicated formal dining room nestled just off the entry, leading seamlessly to a comfortable living area and a functional kitchen outfitted with oak cabinetry, ample counter space, pantry, and stainless steel appliances—perfect for daily routines and memorable gatherings alike. The main level primary suite offers a peaceful retreat, complete with a spacious walk-in closet and a full ensuite bath featuring dual sinks and a garden tub. Upstairs, a quaint loft creates an ideal setting for a cozy reading nook or quiet workspace. Downstairs, the finished walkout basement extends the living space, offering a welcoming family room where soft carpet and natural light create a relaxed, comfortable setting for connection and everyday life.Fresh flooring and tasteful updates infuse each room with a sense of warmth and ease, while the expansive backyard and wooden deck offer a natural extension of the home’s simple, serene lifestyle—perfect for morning coffee, evening sunsets, and everything in between. Tucked within a sweet, inviting neighborhood just minutes from Fort Carson, the Amazon campus, COS Airport, and Peterson AFB, this home captures the essence of functional, comfortable living with an unpretentious charm that feels both expansive and completely at ease. Painted Sky offers not just a place to live, but a place to truly come home to.
Source: PPMLS #4229318
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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.