1018 Turley Dr, Colorado Springs, CO 80915
4 beds · 2 baths · 1,835 sqft
Welcome to a delightful residence nestled in the heart of Colorado Springs! This inviting home features a spacious layout with ample natural light, perfect for comfortable living and entertaining. Gorgeous hardwood or laminate wood floors throughout the home. The main living room boasts a large picture window and wood accent wall, creating a warm and welcoming atmosphere, ideal for cozy gatherings or quiet evenings at home. The updated kitchen features stylish cabinetry a gorgeous tile backsplash. It's also equipped with modern appliances, including a one year old LG stove and fridge, making it a joy for any home chef. This home offers four well-appointed bedrooms, each providing a peaceful retreat with plenty of closet space. Additionally, there''s a great office in the basement that could potentially be used as a 5th bedroom. Both the main level and basement bathrooms have also been stylishly updated with new vanities and tile work. Walk out back to enjoy your own private, outdoor oasis. The mature trees offer plenty of shade. A new custom trex deck with metal railings was recently added as well as a new 27 by 22 concrete patio. A new patio was poured for the outdoor bar, there's a storage shed with metal siding and roof, and new fencing as well. It's the perfect setting for outdoor entertaining and summer bbqs or can be your own peaceful retreat to go relax and enjoy a morning coffee. Situated close to local parks, schools, shopping, and dining options, this home offers easy access to everything you need while enjoying a serene neighborhood feel. Additional highlights include an attached one-car garage and a huge laundry/storage/mechanical room. Don’t miss your chance to own this charming property in a desirable area of Colorado Springs. Schedule your showing today!
Source: PPMLS #2014989
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #2014989
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: #2014989
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.