10583 Kalama Dr, Colorado Springs, CO 80925
3 beds · 3 baths · 1,569 sqft
Welcome to your new home in Lorson Ranch! This stunning and meticulously cared for 2-story Aspen View home, built in 2021, feels better than new and is ready for you to move right in. Step inside, and you’ll immediately notice the soaring vaulted ceilings in the living room and kitchen, giving the space an open, airy feel. Large windows let in plenty of natural light, making every corner feel bright and inviting. The kitchen is a showstopper with its sleek granite countertops, beautiful tile backsplash, and stainless steel appliances—perfect for cooking up your favorite meals or entertaining guests. Your main-level primary suite is a true retreat, featuring a spacious walk-in closet and a double vanity with granite countertops. Upstairs, you'll find additional bedrooms offering plenty of space for family, guests, or even a home office. Sitting on a desirable corner lot, the backyard is built for both relaxation and functionality. There’s plenty of space to play, entertain, or unwind, plus a storage shed and a double gate—ideal for trailer parking. Location is everything, and this home has it all! You’re just minutes from grocery stores, dining, and quick access to I-25. Military people will love the short drive to Fort Carson, Peterson Space Force Base, and Schriever Space Force Base. Plus, neighborhood parks and hiking trails are just steps away, perfect for enjoying the great Colorado outdoors. With a brand-new roof installed this year and a well-maintained interior, this home is truly move-in ready. Don’t miss your chance—schedule your showing today!
Source: PPMLS #6784003
Financials
Source: Public records
Source: PPMLS #6784003
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.