5468 Oak Spring Hts Colorado Springs, CO 80923
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About this home
Impeccable home located in the desirable Oakwood Village neighborhood. Welcome to this beautiful upgraded home, where quality and care are evident at every turn. From luxury flooring, stone counter tops to stylish lighting, updated fixtures, and a stamped patio, no detail has been overlooked. Additionally, let's not forget the extra big commercial freezer and refrigerator in the attached two-car garage. This property has been meticulously maintained from day one and is ready to be cherished by its new owners. The open-concept living room and kitchen create a warm, inviting space, complete with a gas fireplace, granite counters and stainless steel appliances. Designed for effortless main-level living, the spacious owners suite features a bath with an oversized shower with a built-in seat and a walk-in closet, while the laundry room and a versatile guest bedroom or home office are conveniently located right on the other side of the owners suite. Downstairs offers even more - a generous family room perfect for movie nights or guest privacy, two additional bedrooms, another full bath, and a flexible space to suit your needs. This move-in-ready home is built for years of relaxed living and is perfectly situated near shopping, restaurants, parks, and everything that you love.
Source: PPMLS #1763044
Neighborhood
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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.