1018 Barbaro Ter, Colorado Springs, CO 80921
3 beds · 3 baths · 2,351 sqft
Welcome to your dream home in the sought-after District 20 school zone! This stunning property combines luxury, comfort, and modern convenience. Enter through the covered front entry and 8' front door with a secure three-point locking system, and be greeted by a vaulted ceiling. The main level boasts a gourmet kitchen with custom granite countertops, 42" upper cabinets with crown molding, a large pantry, a 6-burner gas cooktop, a double built-in microwave and oven, a dishwasher, and a spacious granite island. The kitchen flows into the dining room and family room, which features a cozy gas fireplace and built-ins. Step out onto the patio to enjoy the beautifully landscaped backyard. The home is designed for modern living, with 8' doors on the main and upper levels, and lots of natural light. The upper level includes 3 bedrooms and a loft with mountain views,the primary suite coffered ceiling, and a spa-like master bath with a spa shower, euro shower door, and a large walk-in closet. The unfinished basement with 9' ceilings offers oversized window wells, insulation, plumbing for a bathroom, and is ready for drywall—providing endless potential. It also features an energy-efficient 50-gallon hot water heater and furnace. Located off Interquest Parkway, this home is close to restaurants, Starbucks, In-N-Out, Scheels, I-25, Top Golf, Sunset Amphitheater, and the Air Force Academy. The Farm neighborhood is truly one of a kind, featuring a community center facilitated by the YMCA with a pool, gym, childcare, playground, and kayak/paddleboard rentals for the adjacent lake. As one of Colorado Springs' only lake communities, this neighborhood offers a unique and vibrant lifestyle. Enjoy proximity to the Santa Fe walking/biking trail, and a planned District 20 elementary school adjacent to The Farm.--- Don't miss this exceptional opportunity to own a home that blends luxury, convenience, and style. Schedule your showing today!
Source: PPMLS #4080185
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #4080185
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: #4080185
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.