5620 Shoup Rd Colorado Springs, CO 80908
Your savings
About this home
Peaceful Retreat in the Woods – Fully Remodeled Ranch Home on 4.8 Acres in Black Forest. Nestled among towering pines in the highly sought-after Black Forest area of Colorado Springs, this beautifully remodeled modern single-family Ranch home offers a rare blend of privacy, space, and convenience. Situated on 4.8 fully fenced, wooded acres with stunning mountain views and a long private driveway, this property is perfect for those seeking a tranquil, rural setting without sacrificing proximity to city amenities. Inside, you'll find 3 spacious bedrooms and 2 full bathrooms, including a luxurious primary suite, a large walk-in closet featuring a cedar-lined skylight, and a spa-inspired bath. A second bedroom also includes its own en-suite bath and walk-in closet. The third bedroom boasts a skylight, and multiple windows filling the space with natural light. The heart of the home includes a generously sized living room with exposed wood ceiling beams and a wood burning fireplace. The modern, oversized galley kitchen is ideal for cooking and entertaining and provides both formal and casual dining areas. A versatile flex space is flooded with light by dual skylights and provides options for an office, studio, library, or den. Everything in the home has been thoughtfully updated: new roof, new well, new septic system, and extensive interior renovations throughout—truly move-in ready. Outside, the 3-car garage/workshop is a dream come true for hobbyists or professionals, with multiple 220-volt circuits and commercial-grade power. There’s also a finished 400 sq ft outbuilding with electricity—perfect for a home office, studio, or guest space. Though the setting feels like a private mountain getaway, you’re just minutes from shopping centers, schools, hospitals, and a fire station—offering the best of both worlds. Don’t miss this one-of-a-kind Colorado Springs gem. Schedule your private showing today!
Source: PPMLS #7282878
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.