VA loan
1 of 44
VA loan
$565,000 SIGNIN

Sign in to see required down payment for the 3.25% rate

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!

Estimated
Seller's interest rate
3.25%
7%
Estimated
Monthly payment

$1,498
$1,913
You may also save up to $124,488 in total interest paid.

Learn about how it works

Why Roam


Gap financing to lower your down payment

Unlock down payments as low as 5% – only with Roam

5x the likelihood your offer is accepted

If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close

Close faster and stress-free

We close 2x faster because of our deep experience and lender relationships

Rates and payments are estimates based on public records.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $1,913 monthly payment

Financed
SIGNIN
Location
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Loan details
Loan type
VA
Rate
3.25%
Remaining term
25 yrs
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$1,498
Principal & interest
$921
Mortgage insurance
-
Property taxes
$167
Home insurance
$409
HOA fees
-
Utilities
Not included

Source: Public records

Home details
Size
3,192 sqft
Lot size
0.1827 acres
Year built
2011
Type
Single Family Residence
HOA dues
$0.00

Source: PPMLS #2446354

Qualify

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.

Resources
Frequently asked questions

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.

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.

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.

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 “Save search” 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.

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 620, 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.

View all FAQs
Last updated: Apr 15, 2025 06:19 pm
Listing agent: Cindy Linder (719) 964-7808
Contact listing agent
Listing provided courtesy of: RE/MAX Advantage Realty, Inc. (719) 548-8600
Details provided by PPMLS and may not match the public record.
MLS ID: #2446354
The real estate listing information and related content displayed on this site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.
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