7222 Peachleaf Dr Colorado Springs, CO 80925
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About this home
Step into this striking 5-bedroom 4-bath home and you will be in love at first sight! With spacious living areas and large bedrooms, everyone has their own space in this home. On the main level there is a formal sitting area/office space, an open well laid out kitchen, powder bath, and a family room with a built-in electric fireplace! Upstairs features a primary suite (also with its own fireplace!), bathroom and roomy closet, three other bedrooms and an additional bathroom. The laundry room is situated for easy access, and there is an open area perfect for a kid’s playroom or upstairs family room. The finished basement offers a media room, additional bedroom, bathroom, and ample storage!! Walk out on your back porch and it is time to shoot hoops on the patio or enjoy an impeccable view of the mountains at your firepit. The front yard and porch are perfect spots to relax on a quiet evening and enjoy this wonderful neighborhood. Come watch your new peach tree grow at your new home on peachleaf drive! The home features a newer water heater, furnace, AC, and a radon mitigation system installed in 2022! Fully functional sprinkler system and oversized three car garage with ample room for tools or storage. You do not want to miss this one!
Source: PPMLS #6700760
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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.