VA loan
1 of 38
VA loan
$419,000 SIGNIN

Sign in to see required down payment for the 2.5% rate

10929 Clarion Dr, Colorado Springs, CO 80925

3 beds · 3 baths · 1,505 sqft

Welcome to this beautifully maintained home located in the desirable master-planned community of Lorson Ranch in Colorado Springs! Nestled in a neighborhood known for its parks, trails, and schools, this newer home was thoughtfully built by Saint Aubyn Homes and offers a perfect blend of modern features and comfortable living. Lorson Ranch is close to many bases - Shreiver AFB, Peterson AFB, and Ft. Carson. This two-story home features 3 spacious bedrooms, 2.5 bathrooms, and an unfinished basement ready for future expansion—whether you need extra bedrooms, a home gym, or an office space. Inside, you’ll find an open and inviting layout with newer paint, well-kept floors, and plenty of natural light. The heart of the home is the large gourmet kitchen, designed to impress and built for function. It includes ample cabinetry, a walk-in pantry, granite countertops, a large single basin undermount sink, stainless steel appliances, and a gas range—ideal for cooking and entertaining. The washer and dryer are also included, adding convenience to your daily routine. Upstairs, the primary suite is a true retreat, complete with a luxurious 5-piece ensuite bathroom featuring double sinks, a soaking tub, a beautifully tiled shower, and an attached walk-in closet. The secondary bedrooms are generously sized and share a full bath. Step outside to a fully fenced backyard with privacy fencing already in place—perfect for kids, pets, or simply relaxing in your own outdoor space. This home is truly better than new. Don’t miss the opportunity to own a move-in ready home in one of Colorado Springs’ most sought-after communities.

Estimated
Seller's interest rate
2.5%
7%
Estimated
Monthly payment

$1,846
$2,681
You may also save up to $256,283 in total interest paid.

Learn about how it works

Why Roam


Gap financing to lower your down payment

Unlock down payments as low as 5% – only with Roam

5x the likelihood your offer is accepted

If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close

Close faster and stress-free

We close 2x faster because of our deep experience and lender relationships

Rates and payments are estimates based on public records.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $2,681 monthly payment

Financed
SIGNIN
Location
Use two fingers to move the map
Loan details
Loan type
VA
Rate
2.5%
Remaining term
25 yrs and 7 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$1,846
Principal & interest
$1,418
Mortgage insurance
-
Property taxes
$123
Home insurance
$303
HOA fees
-
Utilities
Not included

Source: Public records

Home details
Size
1,505 sqft
Lot size
0.0878 acres
Year built
2020
Type
Single Family Residence
HOA dues
$0.00

Source: PPMLS #2135060

Qualify

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.

Resources
Frequently asked questions

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.

View all FAQs
Last updated: Apr 14, 2025 07:59 pm
Listing agent: Laurie Derickson (719) 639-3393
Listing provided courtesy of: Exp Realty LLC (888) 440-2724
Details provided by PPMLS and may not match the public record.
MLS ID: #2135060
The real estate listing information and related content displayed on this site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.