10043 Bison Valley Trl, Colorado Springs, CO 80908
6 beds · 4 baths · 4,974 sqft sqft
Welcome to this stunning two-story home nestled in the highly sought-after Timber Ridge neighborhood. This gorgeous property features a generous 6 bedrooms and 4 bathrooms, providing ample space for your family and guests.Enjoy the Chef's kitchen, complete with a double oven, large island and ample space. The open floor plan fosters a warm and inviting ambiance, facilitating seamless interactions between the kitchen, dining area, and living spaces. The aweinspiring mountain vistas from both the front of the house lend a touch of natural splendor to everyday living. The fully landscaped yard is a veritable paradise, merging beauty with practicality. It features stamped concrete and a gas fire-pit in the backyard, ideal for entertaining. Whether it's a summer barbecue or a winter bonfire, this backyard haven is perfect for year-round entertaining. Parking is a breeze with the convenient three-car garage, offering ample space for your vehicles and additional storage. This smart home also offers energy-efficient features and smart technologies. The Google Nest Component Package allows customization, while the Schlage Sense® Smart Door lock ensures secure access. The Google Nest Thermostat optimizes energy usage, Smart Tech Wiring supports devices, the property has 2 cable and 2 phone lines for connectivity and custom build in surround sound. Energy Features include a Rheem 50gallon gas water heater, vinyl low-E glass windows, a Carrier gas furnace with ECM fan, OSB exterior sheathing, R-19 insulation in 2x6 walls, R-38 blown-in/batt ceiling insulation, a Zurn PEX Flexible Pipe Plumbing System, Tyvek house wrap, and much more!
Source: RECO #3369535
Interest rate and monthly payment estimated based on public records.
Source: RECO #3369535
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #3369535
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