6865 Arctic Pl Colorado Springs, CO 80911
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About this home
Great Home on a quiet cul-de-sac with large, mature trees. Fall in Love with this beautifully maintained home that is priced to sell. The spacious floorplan features main level living & dining room with natural wood floors. The dining room can accommodate a large table for entertaining while the kitchen has room for a table & chairs also. Other kitchen features are a smooth top range/oven, solid oak cabinets, dishwasher and a countertop Microwave. The main level includes the master bedroom with hardwood floors, large closet & a private 3/4 bath. Two additional main-level bedrooms have hardwood floors & share a full bathroom w/skylight. The finished walk-out basement with all BRAND NEW CARPET has an enormous family room and 2 more bedrooms accompanied by a ¾ Bathroom. The Garden-level windows allow for oodles of natural light! There is a designated Office or Flex room too that is shared with the Laundry area on this lower level. From here you can access the backyard oasis w/ it's huge stamped concrete patio, mature lilac bushes and an impeccable lawn with sprinklers, all fenced in. You'll have the go-to home for entertaining friends & family. Sellers have just replaced all of the window coverings throughout with duel pleated shades allowing both privacy or filtered light. The garage has been insulated, sheet rocked & has it's own Heater so home projects will be possible in every season. You'll appreciate the oversized driveway for extra parking. For more functional features, this home has both A/C and a Whole House Fan. Great way to save on utilities during the summer! Newer furnace, modern interior paint colors, roof (2018) & more! Bonus items include; Play Structures in back yard, Patio Furniture & Heater in Garage. See showing remarks for more. Walking distance to King Elem. school, Widefield Park & trails, easy access to, shopping, entertainment, & main roads. This home is move in ready, see it before it’s gone!
Source: PPMLS #1378051
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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.