5165 Crestwood Dr Colorado Springs, CO 80918
Your savings
About this home
Charming Bi-Level Home with Modern Updates! This inviting home features french doors, a dimensional shingle roof, vinyl windows, low-maintenance xeriscape front yard, and durable Masonite siding. Enjoy the comfort of central A/C and the convenience of a single-car garage with a service door. The upper level offers a bright and open living area with large vinyl windows and a decorative wrought iron banister. The kitchen is tastefully updated with granite countertops, a wine fridge, stainless steel refrigerator, glass-top stove, stainless steel dishwasher, and a matching stainless steel and glass microwave. A single-bowl stainless steel sink, LED lighting, and freshly painted oak cabinets complete the space. Two bedrooms and a full bathroom are located on this level. The bathroom features a frosted glass window, tiled tub surround, granite countertop vanity, linoleum flooring, and an elevated elongated toilet. The adjoining dining area walks out to a covered deck overlooking a fully fenced backyard with a storage shed—perfect for outdoor entertaining and relaxation. The lower level is carpeted and includes a spacious family room, ideal for gatherings or a cozy media space. Off the garage, you’ll find a large utility/mudroom with washer and dryer hookups. Two additional rooms provide flexible living options: one bedroom with a large vinyl window and closet, and a fourth room (no closet) that can serve as an office, guest room, or multipurpose space. The three-quarter bath features a tiled shower with shampoo ledge, linoleum flooring, solid-surface sink, and elevated elongated toilet.
Source: PPMLS #6776653
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.