5889 Brennan Ave Colorado Springs, CO 80923
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About this home
Welcome to your move in ready home in desirable Indigo Ranch at Stetson Hills! This meticulously maintained ranch-style residence offers the ideal blend of comfort and convenience with main-level living in a serene neighborhood. Step inside to discover a bright and inviting layout with a clean, well maintained kitchen with breakfast bar, ample cabinet and counter space, and newer appliances. The heart of the home is the living room, where you can unwind and enjoy natural light pouring in from the windows. From here, step outside to a beautifully landscaped backyard that beckons for outdoor gatherings. The patio area with retractable awning is perfect for al fresco dining, while the gardening area provides space for your green thumb to flourish. Additional outdoor storage is provided by the convenient shed. An expansive owner's suite is complete with a spacious walk-in closet and a luxurious five-piece bath. The main floor also includes an additional bedroom or office space, along with a full bath, making it perfect for guests or as a private workspace. Venture downstairs to find a large family room that offers endless possibilities for entertainment or relaxation. The lower level also features two additional bedrooms, a full bath, and a laundry room, alongside a generous storage space to keep everything organized. You all also love the generously sized two car garage. New hot water heater. Located in a quiet neighborhood with tree-lined streets and accessible sidewalks, you'll appreciate the nearby parks and playgrounds for outdoor activities. Enjoy the perfect balance of suburban tranquility while still being close to town amenities and schools within the growing Stetson Hills corridor. This well-cared-for home is ready to welcome you. Don't miss the opportunity to make it yours!
Source: PPMLS #2119854
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.