1061 Gallant Fox Trl, Colorado Springs, CO 80921
5 beds · 4 baths · 4,081 sqft sqft
Discover the epitome of modern luxury in this spacious Vantage Mustang ranch floorplan. The breathtaking views span from the primary bedroom through the house to the dining room! Whether you're enjoying an evening glass of wine on the patio or having a Thunderbird Watch Party to celebrate a USAFA graduation, these views will water your eyes. Designed for those who cherish both style and comfort, this home beckons with its open-concept layout, perfect for hosting unforgettable gatherings. Imagine cozy evenings by the fireplace in the grand great room, adorned with lofty 11’ ceilings that evoke a sense of warmth and hospitality. Step outside onto the expansive rear patio, offering both open-air freedom and complete cover for endless entertainment possibilities. Indulge in the convenient layout of the main level, where you'll find the primary suite, a bedroom and full bath, a home office, and a discreetly positioned laundry room. Embrace the allure of outdoor living with the 18x18 Covered Rear Deck and Concrete Patio, seamlessly blending indoor and outdoor spaces for year-round enjoyment. For those seeking even more refinement, the finished basement offers a sanctuary of relaxation, complete with a family room with a fireplace, wet bar, walk out, and two junior suites. With a spacious 3-car garage, a coveted oversized storage room at the bottom of the basement stairs (and another under the stairwell), every aspect was designed to exceed expectations. But the allure extends beyond your doorstep, with one of the largest lots in The Farm to offer privacy and to keep the integrity of your mountain views. The Gathering Place - a neighborhood community center - is within walking distance and offers exclusive access to a host of amenities including a pool, fitness center, lake for kayaking/canoeing/SUP, and nature trails. Here, every moment is an opportunity to indulge in the finer things in life, surrounded by natural beauty and unparalleled luxury. Don't miss this one!
Source: RECO #2636280
Interest rate and monthly payment estimated based on public records.
Source: RECO #2636280
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: #2636280
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