10549 Kelowna Vw, Colorado Springs, CO 80908
5 beds · 5 baths · 4,340 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this stunning home in the comfort of the Bison Pointe Gated Community! Step inside to discover cathedral ceilings, an abundance of natural light, breathtaking mountain views, and a multitude of special amenities. Experience a life of luxury in the gourmet kitchen featuring an over-sized island with granite counter-tops, custom cabinets, a spacious pantry, and upgraded stainless steel appliances. The primary suite is conveniently located on the main level and features a spacious bathroom with two separate vanities, a giant walk-in closet, and a private walk out to the backyard. Upstairs you will find a generous loft and an enormous bedroom. Retreat to the basement and enjoy the luxurious wet bar with a wine fridge, an expansive rec room perfect for entertaining, and two additional bedrooms. All 5 bedrooms have their own dedicated bathroom, while one in the basement is equipped with a jetted tub! For ultimate convenience, the lawn and sprinklers in the front and rear are maintained by the HOA on a weekly basis. The backyard includes a hot tub pre-wire and a gas line on the patio to make way for an entertainer’s dream. Other extras include electric car chargers in the garage, a tank-less water heater, and pendant light pre-wires. The home is conveniently located between the Powers Corridor & Voyager Pkwy with quick access to I-25 and a short distance to top rated schools of D-20. Schedule your showing today!
Source: RECO #6902497
All values shown are estimated costs / mo.
Source: Public records
Source: RECO #6902497
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
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