10715 Horton Dr, Colorado Springs, CO 80925
4 beds · 4 baths · sqft
4BR, 4BA, 2-story home located in the quiet & safe S/E community of Lorson Ranch East. 2352 sf of well-designed living space. Open floor plan great for entertaining family & friends. This beautiful home is nestled on a 0.16 acre fenced corner lot that backs to open space. Nicely landscaped w/ lush green grass & auto sprinklers. Central air & heat for year-round comfort. Window coverings throughout. You are greeted by an attractive wood laminate Entry w/ a coat closet & stairs to the upper level. Convenient Powder Bathroom off the Entry w/ pedestal sink. The Living Rm boasts neutral carpet & a lighted ceiling fan w/ views of the backyard. It flows seamlessly into the Dining Area & Kitchen. There is a slider to the backyard patio for outdoor dining & relaxation. The Island Kitchen features wood laminate floors, pantry, & espresso cabinets w/ ample counterspace for easy food preparation. Stainless steel appliances incl a smooth top range oven, microwave, dishwasher, & side by side refrigerator. The upper level hosts a laundry closet, 3BRs w/ walk-in closets, & 2BAs. The Primary BR has an adjoining shower bathroom that offers a dual sink vanity & tiled spa shower. 2 more BRs share a Full Bathroom that incl a vanity, mirror, tiled tub/shower. The Basement provides addtl living space to incl a Family Rm, Bedroom, & Full Bathroom w/ vanity, mirror, & tiled tub/shower. Lorson Ranch is located at the epicenter of military operations; located 6 miles S/W of Schriever Air Force Base, 4 miles South of Peterson Space Force Base, 6 miles S/E of the Col Spgs Airport, & 5 miles East of Ft. Carson. The neighborhood offers views of Pikes Peak, the Front Range Mtns to the West, and rolling hills to the East. Lorson Ranch residents enjoy the community parks with sidewalks & trails for running & fitness. The Shops at Mesa Ridge are only 10 min away & offer grocery stores, restaurants & other convenient services. This delightful home is move-in ready & waiting for you to call it home!
Source: PPMLS #9835083
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #9835083
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: #9835083
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.