7923 Wagonwood Pl Colorado Springs, CO 80908
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About this home
Offering the perfect blend of open-concept living, stylish design, and one-of-a-kind features, this move-in ready home in the desirable Forest Meadows community stands out from the rest! From the welcoming covered front porch to the covered patio and privacy-fenced back yard, you'll love the ability to blend indoor and outdoor living spaces. Thoughtfully designed throughout, this gem features elegant arched openings for a touch of architectural interest, wide plank, low-maintenance engineered wood flooring throughout, a striking reclaimed wood accent wall, a modern farmhouse-style kitchen, and a unique 150 sqft bonus room; an ideal space with endless potential just off the back patio! The formal living room and spacious dining room create a comfortable flow for gatherings. The kitchen opens to an eat-in dining area with walk-out access to the patio, and flows seamlessly into the family room; an inviting space that anchors the home’s everyday rhythm. The kitchen is complimented with stainless steel appliances, a deep farmhouse sink, and a roomy pantry. The main level is rounded out with a half-bath, convenient for guests and a dedicated laundry room with folding space. On your way upstairs take note of the niche space - perfect to display seasonal favorites! The upper level hosts 2 generously sized bedrooms and a full bathroom in addition to the very spacious primary suite that is tucked away for a private retreat, and features a walk-in closet and 5-piece en-suite bath with double sinks, a soaking tub, and a custom-designed spa shower with designer tile work and a rain shower head. An expansive loft offers versatility and a third living space -VIEW INCLUDED! Complete with central air, a sprinkler system, a 2-car garage, and the fully permitted bonus room with electricity, heat, cooling and a utility sink, and close to parks, schools, and trails, this home is the perfect mix of comfort, function, and flair! All this home needs is a NEW owner, and that should be YOU!
Source: PPMLS #1266893
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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.