6886 Volga Dr Colorado Springs, CO 80925
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About this home
Spacious Ranch-Style Home with Dual Primary Suites and Mountain & Open Space Views! Welcome to this beautifully upgraded main-level-iiving floor plan with a full basement offering over 3,400 square feet of thoughtfully designed function and luxury. Perfectly situated on a premium corner lot open space adjacent to land that can never be built on, this home offers both privacy and breathtaking Mountain Views from the walk-out deck. Featuring 5 bedrooms and 4 bathrooms, including 2 luxurious primary suites—one on the main level and another on the lower level—each complete with spacious bathrooms and oversized closets, this layout is ideal for multigenerational living or long-term guests. Inside, enjoy the warmth of wood laminate flooring, upgraded kitchen cabinetry, and an open-concept living room that seamlessly connects to a formal dining area that can easily double as a home office or flex space. Downstairs, the full garden-level basement is flooded with natural light and includes additional bedrooms, living space, and a second primary suite making it feel like a second home within a home. Additional highlights include: 3-car garage-Large lower level storage area-New roof to be installed prior to closing-25 year structural warranty-10 year landscaping warranty-Easy commute to Fort Carson-Schriever, and Peterson. Don’t miss your chance to own this versatile and value-packed home.
Source: PPMLS #9378206
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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.