7985 Interlaken Dr Colorado Springs, CO 80920
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About this home
Stunning 4-Level Home in Desirable District 20 – Move-In Ready! Welcome to this beautifully maintained 3-bedroom, 3-bathroom home with the potential to easily convert into a 4-bedroom, 4-bathroom property! Thoughtfully designed across four spacious levels, this home combines comfort, style, and functionality in one perfect package. Step inside to discover bright living spaces featuring ceiling fans, central air conditioning, and plenty of natural light. The primary suite offers a luxurious 5-piece bathroom and a peaceful retreat after a long day. Two additional bedrooms share a full upper-level community bath, providing ample space for family or guests. The kitchen and dining areas flow seamlessly to a large concrete patio, perfect for barbecues and outdoor entertaining. Both the front and backyards are fully landscaped, with raised garden beds ready for your green thumb. The automatic sprinkler system keeps everything lush and low-maintenance. Enjoy the best of Colorado Springs living in this quiet, well-kept neighborhood—where each end of the short street (less than a quarter mile long) features a beautiful park. Located in the highly sought-after Academy District 20 schools, this home also offers easy access to shopping, dining, and major amenities. A spacious two-car garage completes the package. Highlights: 3 bedrooms, 3 bathrooms (option for 4 bed / 4 bath) 4-level layout with open, versatile spaces Master suite with 5-piece bath Central A/C and ceiling fans throughout Landscaped front and backyards with raised garden beds Automatic sprinkler system and concrete patio District 20 schools Parks on both ends of the street Convenient to all major amenities
Source: PPMLS #2652913
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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.