2257 Blue Fescue Ct, Colorado Springs, CO 80915
5 beds · 3 baths · 3,274 sqft
Main level living at its finest! Make sure you see this wonderful 5 bedroom, 3 bath, 3 car garage rancher with a fully finished basement! This home is nestled on an oversized cul-de-sac lot in a prime location close to shopping, restaurants and bases. Step into the welcoming 23'x6' entryway appointed w lovely LVP flooring which flows into the spectacular open living area... living room, kitchen and dining area. The kitchen boasts 42" cabinets, granite counters, oversized island w informal seating, pantry, gas stove and new microwave w all appliances included. The dining area offers access to the back trex deck which includes a lazy river water feature. The main level primary suite includes a walk-in closet and attached bath w double vanity and shower. An additional large bedroom, full bath and laundry area (washer/dryer included) complete the main level. The tiled basement level offers an extensive family room, 3 spacious bedrooms (1 with carpet), full bath and oversized mechanical/storage room. Additional amenities include a whole house reverse osmosis water filter system, water softener and Night Owl security/camera system. You've been dreaming about this 3-car garage! It's the only one in the neighborhood with 10 ft high doors! The 3rd bay is 9 ft wide with a 10 ft extension! Garage is well insulated, heated & air conditioned. Both the garage and 10'x12' stucco shed behind with roll up door are equipped w 220V electric. Buried air lines connect the shed to the garage air compressor. A 2nd storage shed (5'x12') is adjacent to the larger shed. This is the perfect setup for those guys & gals who enjoy having a workshop for all their hobbies. The low maintenance back yard is fully fenced and if you're a gardener, you'll appreciate the 6'x16' garden beds with frames for netting. HOA dues cover trash pickup. Don't miss this wonderful home, the perfect place for a car guy or hobbyist. RV parking and lots of storage make this a dream place to call home. See it soon!
Source: PPMLS #2446354
Financials
Source: Public records
Source: PPMLS #2446354
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.