1014 Zodiac Dr, Colorado Springs, CO 80905
4 beds · 3 baths · 2,936 sqft
Nestled in the serene cul-de-sac of the highly sought-after Skyway Park, this recently renovated, single-family home boasts a brand NEW A/c Unit, a generous lot, eqipped with artifical turf, and an array of modern updates that cater to comfort and style. This remarkable property features four well-appointed bedrooms and three bathrooms, including dual primary suites, one on each level, ensuring privacy and convenience for family members and guests alike. Recently updated, the home welcomes you with a fresh and contemporary ambiance. The basement has been meticulously updated, providing a spacious and inviting area for entertainment or relaxation. Enhanced with new vinyl windows, this space is equipped with a reinforced gym area, large entertaining space, making it a welcoming atmosphere to host. The residence is equipped with a brand-new air conditioning unit, ensuring a comfortable indoor climate year-round. Homeowners will delight in the practical elegance of a walk-in designer closet, offering ample space and an organized environment for personal belongings. Outdoors, the property shines with its pet-friendly artificial turf in the backyard—perfect for pet owners and those who appreciate low maintenance living. The large, spacious lot invites outdoor activities and family gatherings, making it an ideal setting for making lasting memories. Located in the prestigious School District 12, this home is not only a haven of comfort but also a wise investment in your family’s education and future. This is a rare opportunity to own a piece of tranquility in Skyway Park, where every detail is designed for a life of luxury and ease.
Source: PPMLS #2092550
Source: PPMLS #2092550
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: #2092550
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.