5026 Plumstead Dr Colorado Springs, CO 80920
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About this home
Welcome to this meticulously maintained 5-bedroom, 3.5-bathroom home offering just under 2,800 square feet of living space in the highly sought-after Fairfax at Briargate neighborhood. Nestled on a desirable corner lot, this home features a fully finished basement complete with a spacious bedroom, full bathroom, and a versatile nook perfect for adding a bar or entertainment area. The main level showcases a bright and open floor plan with a spacious kitchen boasting hardwood floors, brand-new granite countertops, and direct flow into the inviting living room highlighted by a wood-burning fireplace with a classic brick surround. Large windows in both the living and dining rooms flood the spaces with natural light. Upstairs, you’ll find the expansive primary suite featuring a beautiful 5-piece ensuite with brand-new granite countertops and fresh paint, along with three additional bedrooms and a full hallway bathroom. Each bathroom in the home has been refreshed with new granite countertops for a consistent, modern finish. A convenient main-level laundry room and 2-car garage add everyday ease. Enjoy outdoor living with mountain views from one of the upstairs bedrooms, a backyard storage shed, and an oversized patio—perfect for entertaining or relaxing evenings. Recent updates include a brand-new roof (2024) and newer water heater, providing peace of mind for years to come. Situated in one of Colorado Springs’ most established and sought-after neighborhoods, you’ll love being within walking distance to three beautiful parks and top-rated Academy District 20 schools. Shopping, dining, and quick access to both the Powers corridor and I-25 make this location ideal for commuters and those seeking convenience. Don’t miss the chance to call this move-in-ready gem your new home!
Source: PPMLS #5394964
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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.