1617 W Boulder St, Colorado Springs, CO 80904
3 beds · 2 baths · 1,532 sqft
Charming 2BR, 2BA, tri-level home in the heart of West Col Spgs, just minutes from historic Old Colorado City. 1,532 sf of thoughtfully designed living space w/ potential for 3rd BR that's bursting w/ character. The inviting covered front porch leads you into a 5x4 vestibule entry, complete w/ a convenient coat closet. Step inside to discover beautiful wood laminate floors through the main & lower levels, complemented by window blinds throughout for added privacy. Electric baseboard heat keeps you warm all winter. The ML features a spacious Fam Rm w/ neutral carpeting, offering a comfortable space for relaxation. Stairs lead you to the upper & lower levels. The UL hosts 3 well-appointed BRs, all w/ neutral carpet. The primary BR is a true retreat, boasting a private balcony that overlooks the serene backyard. Bedroom #2 incl a wardrobe closet for extra storage, & there is a full UL Bathroom featuring a vanity, mirrored medicine cabinet, & tub/shower. The LL offers a generous Liv Rm centered around a cozy wood-burning stove, perfect for chilly Colorado evenings. This space flows seamlessly into a separate Din Area, ideal for entertaining friends and family. The well-equipped Kitchen offers ample cabinets and counter space, along with essential appliances including an electric range oven, vent hood, dishwasher, and refrigerator. This level also features a convenient powder bathroom & a Laundry Rm w/ a sink; the washer & dryer are included. Set on a fully fenced 0.17-acre lot, the backyard features a covered deck, 2 storage sheds, a greenhouse, & natural landscaping w/ mature trees & shrubs—perfect for relaxation or outdoor fun. With a covered carport for two vehicles & plenty of room for small boat or RV parking, convenience is at your fingertips. Located within walking distance to shopping, schools, restaurants, & parks, this home offers the perfect blend of charm & practicality. Plus, there’s no HOA! Don't miss the opportunity to make this wonderful home your own!
Source: RECO #4169366
Interest rate and monthly payment estimated based on public records.
Source: RECO #4169366
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 30-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: #4169366
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