7315 Brentford Dr Colorado Springs, CO 80919
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About this home
Stunning home in the sought after WEST SIDE nestled in the foot hills not far from the mountains. This gorgeous home shows off from the moment you walk in the front door to the well lit open concept living area. Gorgeous rich wood colored flooring ties in the updated modern design elements. The living area is spacious with a brick accented fire place making it perfect for the colder Colorado evenings. The renovated galley style kitchen is just off the main living area for a semi-private feel and features matching stainless steel appliances, ample cabinet space in the new custom cabinetry, and beautiful countertops. A breakfast bar spills into the walk out dining area that opens with a sliding glass door to the fabulous back deck that walks down to the back yard. A wonderful space for summer bbq'ing and entertaining. The main level also features a half bath and laundry room. The upper level has all three bedrooms including the pristine master bedroom with updated ensuite bath including an antique style double vanity, spacious walk in closet, and newly renovated walk in shower. Bedrooms two and three are both spacious and share a full bath. The walk out basement level is just as impressive with a second fireplace as the focal point of the family room. The lower level has the luxury of being split into two zones where the current setup is a sitting/reading room near the fireplace and the other zone a large playroom. This setup offers many options with the original floor plan being a fourth bedroom which includes a full bath, but can be utilized as a game room, exercise area, or at home office for whatever your needs may be. Walkout access opens to the incredible fully fenced backyard with mature trees creating privacy. The home itself impresses but the location wows, being located on the west side near hiking trails galore and some of the best restaurants in town including Marigolds and all Old Town Colorado offers just down the road.
Source: PPMLS #2655030
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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.
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