10218 Intrepid Way, Colorado Springs, CO 80925
4 beds · 3 baths · 2,226 sqft
Create the home of your dreams in this 4BR, 2.5BA, 2-story home located on a cul-de-sac lot in the southeast community of The Meadows at Lorson Ranch. Covered front porch to enjoy the Colorado sunshine. Central air and heat for year-round comfort. This home offers 2169 sf of finished living space with room for expansion in the 944sf unfinished Basement. LVP floors through much of the main level. Window blinds throughout. There is a home office located off the Entry with neutral carpet. Convenient Powder Bathroom for guests. Open main-level floor plan great for entertaining family and friends. The Living Rm has a lighted ceiling fan & flows into the Dining Area and Kitchen. The Dining Area has a slider to the backyard. . The Island Kitchen offers a pantry, counter bar, and ample cabinets with granite countertops and backsplash. Appliances include a dishwasher, microwave, gas range oven, and French door refrigerator. The upper level hosts a large landing, Laundry Room w/ washer and dryer that stays, 4 spacious BRs w/ neutral carpet and lighted ceiling fans, and 2 Bathrooms. The Primary Owner’s Suite features a walk in closet and an adjoining 5pc Bathroom with dual sink vanity, separate shower, and tub/shower. 3 more Bedrooms share a Full Bathroom w/ dual sink vanity, mirror, and tub/shower. 2-car attached garage w/ door opener. Create a space that suits your needs by finishing the large open unfinished basement or use for storage or a workout room. The fenced level lot is ready for you to design your own private oasis for relaxation and outdoor fun. Ideally located close to schools, parks, and walking trails. Minutes to Powers Blvd for shopping, dining, and entertainment. Easy commute to Peterson Space Force Base, Fort Carson, and Schriever Air Force Base. Don’t miss the opportunity to make this delightful home your own where you and your family can make wonderful memories together for years to come!
Source: RECO #4915943
Interest rate and monthly payment estimated based on public records.
Source: RECO #4915943
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: #4915943
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