1722 Querida Dr, Colorado Springs, CO 80909
2 beds · 1 baths · 1,300 sqft
Tucked away in a quiet neighborhood, this home features a beautifully landscaped front yard with wildflowers and bioswales for natural drainage and a privacy panel with gate that opens fully with ease. Inside, the open layout feels warm and inviting. Large adjustable oak bookshelves wired for sconces add character to the living space, while the kitchen combines style and function with a breakfast bar, pantry, large refrigerator, and a built-in spice rack with an undermount light. Two well-sized bedrooms provide comfortable retreats, and the full bathroom has been tastefully updated. Adjustments to the interior walls create better flow, making the space feel more open and connected but if an additional bedroom is needed, this could be easily added back. The backyard offers a covered patio, a manageable patch of grass, and a rain garden ready for planting. A spacious storage shed or small workshop with natural lighting provides plenty of room for projects or extra storage. A lean-to storage panel swings up for easy access, and downspouts direct water into the bioswales and backyard rain garden. A new water heater installed in 2022 adds efficiency and peace of mind. Close to schools, dining, and shopping yet set back from major roads, this home balances convenience with privacy. Thoughtfully designed and full of character, it’s ready for its next owner.
Source: PPMLS #2207154
Source: PPMLS #2207154
Source: Public records
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%. 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.
Other resourcesWhat 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.