6530 President Ave Colorado Springs, CO 80911
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About this home
Brand new roof! Spacious and versatile 4-bedroom home with possible 5th bedroom, perfect for multigenerational living or flexible work-from-home needs. Attractive curb appeal with mature trees, brick accents, brand-new siding & all new Andersen windows recently install. Windows come with a transferrable warranty. Step inside to a welcoming split-level entry with double doors and low-maintenance laminate floors throughout the main living areas. The living room is light-filled, while the eat-in kitchen offers space for a large dining table, wood cabinetry with pantry, newer fridge, new range hood, dishwasher, electric range, and a stainless sink with backyard views. The primary suite features laminate flooring, a ceiling fan, a huge walk-in closet, and an attached bath with a walk-in jetted tub, tile surround, and built-in linen storage. The garage conversion provides a large carpeted bedroom, separate office space, exterior access, and an updated electric panel with hot tub outlet. Downstairs offers additional bedrooms (one non-conforming), a bonus storage/play area, laundry room (washer/dryer included), and another bath with walk-in shower. The huge backyard is a gardener’s dream with raised beds, fruit trees, mature shade trees, and pea gravel paths. Two tool sheds, a 10x12 storage shed, and a 16x20 heated/cooled workshop with electricity provide exceptional storage and hobby space. Enjoy the privacy fence (installed 2024), concrete patio, and ample space for outdoor living. Major updates include: water heater (2024), furnace (2017), new windows, and new siding. Central AC included. Centrally located near shopping & dining. Easy access to Hwy 25, Colorado Springs airport, and all military installations.
Source: PPMLS #9090132
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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.