7656 Peachleaf Dr Colorado Springs, CO 80925
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About this home
Looking for a one of a kind Home perfect for family and friend Entertainment? This home offers it all. This meticulously kept home, features a gourmet kitchen with a 5 burner gas stove, double ovens, large cyber enabled Refrigerator, large Island, stone counter tops and custom 42 inch cabinets. Home also features custom paint throughout and a duel sided fireplace that enhances the cosy feel. The upper floor features a very large Main bedroom with a sitting room and a second duel sided Fireplace. The MBR bath features a stone duel vanity, a separate water closet and a large custom spa shower. Upper floor also features a large loft and a large Laundry room in addition to two other large bedrooms with walk-in closets. A major bonus for this beautiful home is the entertainment wow factor. Two wood decks and a large heated above ground pool are some of the unique back yard amenities. as well as a game area, small outdoor bar and numerous custom planter areas. Finally, the 3 car garage has been converted into an amazing custom Man Cave/game room featuring a large bar and beautiful hand crafted wood walls and carpeting with plenty of room for additional entertainment activities. This is a very unique home that deserves a serious look. ** Garage can easily be reverted back to near original, Only hard wood walls are permanent.
Source: PPMLS #3489574
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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.