10164 Castor Dr, Colorado Springs, CO 80925
4 beds · 3 baths · 2,194 sqft
Welcome to this Beautiful 4-Bedroom, 3-Bathroom Home with a 2-Car Attached Garage in Lorson Ranch, Where Modern Comfort Meets Everyday Convenience. This Home is Thoughtfully Designed with an Open-Concept Main Level, Featuring LVP Flooring and Plentiful Windows that Bathe the Space in Natural Light. The Kitchen is a True Centerpiece, Boasting Sleek Granite Countertops, a Kitchen Pantry, Whirlpool Appliances Including a Gas Range, and an Expansive Island—Perfect for Casual Meals or Entertaining. Upstairs, a Versatile Open Landing Space Offers Endless Possibilities as a Home Office, Play Area, or Cozy Retreat. The Primary Suite is a Private Haven, Featuring a Spacious Walk-In Closet, another separate closet and an Attached Bath with Dual Sinks and a Walk-in Shower. Modern Finishes Add Character Throughout, Including Quartz Countertops in the Bathrooms and a Charming Shiplap Accent Wall in a Secondary Bedroom. The Large Upper-Level Laundry Room Makes Daily Routines Convenient. Storage is Plentiful with a Front Hallway Coat Closet, a Roomy Storage Closet Under the Stairs, and a Utility Closet with Easy Furnace Access. Additional Upgrades Include a Tankless Water Heater, Water Softener, Central Air, a Security System/Smart House Enabled Activation and Monitoring Options, and Custom Cordless Blinds for Both Style and Function. Step Outside to Enjoy the Nicely Maintained Front and Back Yards, Complete with a Sprinkler System, a Raised Flower Bed, and a Treated Privacy Fence. The South-Facing Front Yard Maximizes Sunlight Year-Round. Recent Updates, Including New Class 4 Shingles (2024) and New Gutters (2025). Ideally Located Near Fountain Mesa Amenities, I-25, and Military Bases, this Home Offers the Perfect Blend of Modern Convenience and Everyday Comfort. Don’t Miss the Chance to Make it Yours!
Source: PPMLS #4865961
Financials
Source: PPMLS #4865961
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.