1222 Florence Ave, Colorado Springs, CO 80905
3 beds · 1 baths · 1,032 sqft sqft
This beautifully remodeled 3-bedroom, 1-bathroom home with a detached 2-car garage is a true gem, offering charm, modern updates, and a welcoming atmosphere. Nestled in the serene Stratton Meadows neighborhood with mature trees, this stucco home boasts a custom stucco-surround fence and a freshly painted exterior (updated in 2021), enhancing its curb appeal. Inside, you'll find a spacious, open-concept ranch-style layout designed for modern living. The home features updated flooring throughout, including custom ceramic tile and carpet, as well as upgraded lighting, hardware, and six-panel doors. The bright living room invites natural light through large windows and includes a custom tiled entry, ceiling fan, and a cozy atmosphere—perfect for entertaining. The stylishly remodeled kitchen (2021) and dining area is a chef’s dream, featuring white cabinets, stunning countertops, a custom decorative backsplash, and stainless steel appliances, including a French door refrigerator, range/oven, over-the-range microwave, and dishwasher. The kitchen offers convenient access to the large fenced backyard, making it ideal for evening BBQs. The full bathroom boasts modern fixtures, an upgraded ceramic tile shower surround, and elegant finishes throughout. Outside, the oversized driveway and detached two-car garage provide ample parking and storage space. The spacious backyard, complete with a firepit and mature apple trees, offers endless possibilities for outdoor living—whether you envision a play space or garden. A new furnace with a humidifier attachment was installed in 2023. Conveniently located near schools, shopping, restaurants, and major roads like Circle Drive and I-25, and just minutes from Ft. Carson and the Broadmoor World Arena, this home offers both convenience and comfort. Don’t miss out on this move-in-ready property! Schedule your tour today!
Source: PPMLS #2144876
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #2144876
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: #2144876
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.