20945 Steppe Edge Vw, Colorado Springs, CO 80930
3 beds · 3 baths · 2,255 sqft
Upgrades galore! Enter the enclosed foyer to a country delight with 9-foot ceilings! The open and sun filled floorplan is perfect for almost all. The living room is cozy with built in bookshelves and a floor to ceiling stacked stone gas fireplace. Enjoy the transom and box bay windows in the living rm, fam rm and 2 bedrooms. The kitchen is a cook's and entertainer's delight with an expansive island. The eat-in kitchen offers hickory cabinets with knotty pine doors. There is a beautiful farm sink with an oversized window to enjoy the gorgeous views. The kitchen walkout has a walkout has a patio to enjoy coffee while watching the wildlife roam and the gorgeous sunrises. The master is a true retreat! Enter the coffered ceiling with special lighting area. It also includes transom and box bay windows; a very spacious walk-in closet and the bathroom is a dream come true. The master bath offers an 8ft walk-in shower, large soaking tub awaits you and your favorite book, double sinks, high toilets, large linen closet and walk out to another patio. The master will not disappoint! The laundry room is another delightful surprise in this tremendously upgraded home. It has a sink and storage closet, cabinets with a laundry folding area. From the laundry room you can exit to the 40x60 garage. The garage offers four garage doors which allows you to drive through with your motor home or fifth wheel. It has a concrete floor and plenty of room for all of your toys and more. The garage has endless possibilities! There is a pre-wired 50 amp RV hookup next to walk-way. Additional upgrades: 4 outdoor spigots, upgrades kitchen appliances, under island storage with soft glide drawers, 36-inch knotty pine doors, bull nose corners, higher toilets, 9ft ceilings, fam rm & living rm are pre-wired. Enjoy 35 acres which is partially fenced. The mountain views are spectacular. It is truly a country delight waiting for you to make your own!
Source: PPMLS #7960603
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #7960603
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: #7960603
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.