5936 Callan Dr Colorado Springs, CO 80927
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About this home
Welcome to your better-than-new dream home in the highly sought-after Banning Lewis Ranch community! Step inside to find a bright and inviting living room anchored by a cozy fireplace, perfect for family movie nights or relaxing evenings by the fire. The gourmet kitchen is the heart of the home, featuring a oversized marble kitchen island, a spacious walk-in pantry, and plenty of room to create memories around everything from weeknight dinners to holiday feasts. Working from home is effortless in the stylish main-level office, complete with modern French doors and natural light that make the space both inspiring and functional. Upstairs, you’ll find a versatile loft along with three spacious bedrooms, a full bathroom, and a convenient laundry room with its own sink. Making laundry days both easy and efficient. The master suite is a private retreat, offering sweeping mountain views, a spa-like bathroom with soaking tub, walk-in shower, and a massive walk-in closet. The finished basement is designed for both fun and function, with a wet bar and plenty of open space for entertaining. Tucked under the stairs, you’ll even find a magical reading nook, a cozy hideaway perfect for kids. An unfinished section provides excellent storage now, with the option to expand and add another bedroom and bathroom in the future. Step outside to enjoy a covered back porch overlooking the backyard. Ideal for summer barbecues, morning coffee, or watching the kids play. With 4 bedrooms, 2.5 bathrooms, and thoughtful upgrades throughout, this home blends comfort, elegance, and functionality, all just a short walk from a neighborhood park and open space. Living in Banning Lewis Ranch means so much more than just owning a home. Residents enjoy resort-style amenities including a club house, gym, multiple swimming pools, neighborhood parks, playgrounds, sports courts, walking and biking trails, and community events. This home isn’t just a place to live, it’s a lifestyle. Come fall in love.
Source: PPMLS #7583767
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.