12683 Fulford Ct, Colorado Springs, CO 80908
4 beds · 5 baths · sqft
Welcome to elegant Black Forest living. Located at the end of a culdesac on five treed acres & hidden in the towering pines, this beautiful stone/stucco home features four bedrooms, five baths, dedicated office, formal living and dining plus basement family room/rec area. Plus a 2021 beautiful multi purpose drive thru (no backing up!) RV 36x40 building w/septic clean out/2-14'x10'doors w/ finished interior/heated/w bath & sink/30 amp/lots of plug ins/superior lighting + third 12'x10' door. The rear and side has a broad terrace/driveway supported by a commercial grade retaining wall. Property is located on all paved roads, close to Falcon shopping/golfing/restaurants, walking/riding trails w/ Section 16 park nearby. Easy commutes to the Springs & Denver. Entering the driveway to the home w/ its stone exterior & paved driveway, you will notice the privacy, the trees, plus the back meadow which is teaming w/ wildlife such as turkeys, mule deer, birds, and squirrels. The oversized, finished attached garage will fit the biggest of trucks and enters into a nice laundry room and 1/2 bath, and main living with a real cook's kitchen and a massive quartz island, and a huge walk in pantry w/fridge. The kitchen nook overlooks the land letting the nature in. The large living room which can be segmented off with a family room area features a nice fireplace for cozy nights. The main level office and 1/2 bath completes the main level. Up just a few steps, and you enter into the beautiful master retreat complete with two walk in master closets, a wonderful reading space, and well appointed five-piece bath with heated floors/towel warmer/2 headed shower w/bench. The basement walkout is three lovely bedrooms, two baths (one Jack and Jill) also with heated floors, and the recreational/family area. Other features include gleaming hardwood floors, granite and tile in all baths, large storage area, and a true pride of ownership. This home is a joy to show.
Source: PPMLS #8981228
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #8981228
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: #8981228
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.