7120 Highcroft Dr Colorado Springs, CO 80922
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About this home
Welcome to luxury in the city! This meticulously maintained home with exceptional landscaping, mountain views & walk-outs on every level, is the ideal setting for entertaining! Greet guests at the upgraded front door that leads to the beautiful entryway! The main level features spacious areas w/excellent flow, soaring ceilings, & NEW luxury vinyl flooring. Modern lighting & designer niches add to the appeal! The inviting living spaces include a sunlit living room with a cozy window seat for daydreaming, barnwood accents & a beamed ceiling! The formal dining area has a ship lath accent wall & is swimming in light! The dreamy gourmet kitchen is well-appointed, featuring granite counters, high-end cabinets & upgraded appliances, including a double oven & gas range top! You will also love the center island, a sink window, and a walk-in pantry! The casual dining space provides access to the upper deck, perfect for enjoying morning coffee & views! On the upper level, is an updated primary suite w/walk-in closet & en suite bath featuring a garden tub, quartz counters & a custom tile shower! Two additional beds & full bath complete this level. The lower level offers a vast family room w/built-ins & a cozy gas fireplace, a stylish office w/French doors & bookcases, an updated full bath & a beautiful laundry area! Descend to the basement to the enormous 2nd family room w/custom paint & another gas FP! A wet bar w/refrigerator & glass block accents makes gatherings more fun with space for billiards & movies! Another bed with an en suite bath is also in the walkout basement. Bonus 700 SF unfin. crawlspace w/8-foot ceiling! Enjoy the low-maintenance exterior w/stucco, xeriscape yard, patios and decks! NEW garage door! NEW furnace & NEW A/C! Outdoor living excels in park-like setting w/2 decks & private patio spaces! NO HOA or Metro-district! There is even a designated pad for your boat or RV! With bells & whistles & pride of ownership throughout...this is what "home" feels like!
Source: PPMLS #6070304
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.