5537 Cross Creek Dr Colorado Springs, CO 80924
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About this home
Inviting Townhome in Wolf Ranch – District 20 Schools! Welcome home to this beautiful two-story townhouse in the highly sought-after Wolf Ranch community! Pride of ownership shines a soon as you walk through the front door. Featuring 2 bedrooms and 3 bathrooms, this home offers a comfortable and functional layout you’ll love. Upstairs, both bedrooms are spacious suites, each with its own private bathroom. The primary suite includes dual sinks and plenty of room to unwind, while the junior suite is perfect for guests, family, or a home office. The large laundry room is also upstairs and includes lots of cabinet space for extra storage. The main level feels bright and open with a roomy kitchen that offers stainless steel appliances, generous counter space, and easy flow into the dining area — complete with a charming coffee nook! You’ll also find a convenient guest bathroom and a finished two-car garage with direct access to the kitchen. Central A/C keeps the home comfortable year-round. Living in Wolf Ranch means being part of a friendly community with fun events throughout the year. Plus, you’ll be in the award-winning District 20 school area and close to trails, parks, shopping, and military bases. This townhome offers the perfect blend of comfort, convenience, and community — come see why Wolf Ranch is one of the most desirable places to live!
Source: PPMLS #6532706
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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.