13916 Paradise Villas Grv, Colorado Springs, CO 80921
2 beds · 2 baths · 3,122 sqft
Welcome to this nice rancher located in the exclusive, gated community of Paradise Villas, nestled in the highly desirable Northgate area. This stunning property offers the best in maintenance-free living, providing you with more time to enjoy what you love to do. As you enter, you are greeted by beautiful flooring that runs throughout the main level, setting the stage for the elegant and functional design. The gourmet kitchen features custom cabinetry, a granite slab island with counter bar seating, and stainless steel appliances, The kitchen opens up to the dining area and the bright and open living room, where a cozy gas log fireplace creates a warm and inviting atmosphere. From the living room, step out onto your private covered rear deck—an ideal spot to relax, unwind, and enjoy the beautiful Colorado sunsets.The private primary suite is a peaceful retreat, offering a spacious layout with a large walk-in closet. The luxurious 5 piece bath is designed for ultimate relaxation, complete with double vanities a soaking tub, amazing oversized walk-in shower with a rain shower head, and plenty of space for everyday comforts. The walk-in closet is spacious, providing ample room for all of your needs. On the main level, you’ll also find a 2nd Bedroom or a front study making it an ideal space for a home office or library. A convenient 3/4 bath and a laundry room with direct access to the master closet further enhance the home’s functionality. The laundry room has easy access to the garage. Updates include newer carpeting, blinds and fresh paint. Tons of storage available in the lower level and ready to finish out to add more living space if desired. Perfect prime location near I-25, the Air Force Academy, shopping centers, new restaurants, and hospitals, this home offers unmatched convenience and easy access to everything you need. Don’t miss out on this incredible opportunity!
Source: PPMLS #7314033
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: PPMLS #7314033
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.