1608 Rose Quartz Hts, Colorado Springs, CO 80908
2 beds · 3 baths · sqft
Secure this home with an assumable loan, and close within ~6 weeks with preferred partner, inquire with the listing agent for more details. Come discover this modern 2021 Lokal Homes 'Kaeleigh' floorplan townhome with over 1700 square feet, located in the desirable new development at Victory Ridge. Upon entry, you'll feel at home in the open floor plan which seamlessly connects the spacious main floor living and dining areas, perfect for entertaining and enjoying time together. Durable uniform finishes and features include luxury vinyl flooring, stainless steel HE Energy Star Certified appliances, 42inch wood cabinets and granite countertops with additional bar seating at large kitchen island. This home is perfectly suited for co-living, or multi-generational living... showcasing 2 large private bedroom suites upstairs, each with their own adjoining bathrooms with double vanity and ample closet and storage space. Enjoy the convenience of a dedicated laundry room upstairs with washer and dryer that stay with the property making your home truly move-in ready! Two car garage features 220V plug-in in for EV vehicles and is equipped with Smart app garage opener for remote security surveillance, and allows for in-garage online order delivery. Security system and cameras throughout the home and at front doorbell- all stay as well! You can enjoy the beautiful Colorado evenings outdoors off the 15' x 4' front porch, or, throughout the newly developed Victory Ridge community which offers large common use manicured grass spaces with picnic pavilion, 10-acre park nearby, and a low HOA, creating a peaceful and affordable living environment. Located near shops, and with an easy commute all over town, or up north via I-25, this home is perfect for modern living. Experience the perfect blend of comfort and modern convenience in this stunning townhome!
Source: PPMLS #8395801
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #8395801
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: #8395801
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.