5441 E Old Farm Cir Colorado Springs, CO 80917
Your savings
About this home
Welcome to this beautiful four-level 5-bedroom, 3-bath 2 car garage home in the highly sought-after OLD FARM neighborhood. This beautiful home has been updated top to bottom. Step inside to soaring vaulted ceilings, new luxury vinyl flooring, with a main level kitchen, living room and formal dining room with a convenient pass through window to the updated kitchen and access to the back deck. The gorgeous updated kitchen includes Quartz countertops, NEW stainless steel appliances, NEW kitchen cabinets and amazing natural light. Upstairs, the spacious primary suite features an attached updated bath with a three-quarter shower and dual closets. Two additional bedrooms and a full bath with a new skylight complete the upper level. On the lower level, enjoy a large family room with a beautiful custom gas fireplace, large sitting area with updated floor to ceiling windows and a wet bar! Walk on to the concrete patio from the lower level to your fully fenced an landscaped ZERO maintenance backyard. The basement includes 2 additional bedrooms, 1 of which boasts an extra large closet and can easily be a secondary primary bedroom. This amazing home has been remodeled inside and out with interior and exterior paint, new landscaping front and rear, new concrete steps in the front yard, a new retaining wall in the backyard, new windows and sliders throughout, a NEW ROOF and gutters...and SO MUCH MORE! Nestled in a central location, you’ll enjoy proximity to Old Farm Park, where open spaces, trails and a playground invite outdoor recreation. With quick access to the Powers Corridor, you'll have an abundance of dining and shopping options just moments away.
Source: PPMLS #2589215
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.