2123 S Corona Ave, Colorado Springs, CO 80905
0 beds · 0 baths · 1,201 sqft sqft
Imagine coming home to this charming one-story ranch-style home tucked away in a peaceful neighborhood with stunning mountain views right from your doorstep. This cozy house sits under a canopy of tall, mature trees, providing shade and a sense of privacy. You’ll love relaxing on the covered front or back porches, perfect spots to enjoy a quiet morning or unwind in the evening. Inside, there’s a comfortable mix of hardwood, tile, and carpet flooring, giving each room its unique feel. The primary bedroom has built-in shelves where you can place books, photos, and special things, and there's even a relaxing jacuzzi tub in the bathroom. A bonus room in the back gives you extra space to make your own, whether it’s a playroom, craft area, or home office. Step outside into the fenced backyard, a private spot just for you and your family. It's perfect for playing, gardening, or hosting a weekend barbecue. While the home may need a little TLC, it’s a wonderful opportunity to bring your style to each space and make it truly yours. With a newer roof and being sold as-is, this home invites you to create your own dream space. Beyond the property, the neighborhood has so much to offer. Enjoy nearby parks and open spaces for biking, hiking, or simply enjoying the outdoors. Explore local coffee shops and cozy restaurants where you can spend time with friends and family. With trails, shopping centers, and community activities close by, you’ll find everything you need to feel right at home.
Source: RECO #7936852
Interest rate and monthly payment estimated based on public records.
Source: RECO #7936852
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: #7936852
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