261 Sherri Dr, Colorado Springs, CO 80911
3 beds · 1 baths · 1,225 sqft
Move-in ready, updated home in a quiet neighborhood w/ No HOA! This Single-Level home has been been updated throughout, to include Re-finishing of the Original Solid Hardwood Floors, a New Kitchen, Bathroom w/ Soaker Tub, New Lighting, New Paint, & New Carpet/Tile. The Roof was replaced and the Exterior was Painted in 2022! There's even a New Garden Shed in the Large Fenced Backyard. Notice the Apple Tree in the Front Yard, before entering the Home. When entering the home you'll be greeted with a Huge Living Room w/ Newer Vinyl Windows and Views of the Mountain Range. The Living Room opens to the Dining Area & Spacious Kitchen. The Kitchen is equipped with a Gas Range/Oven, Microwave, Dishwasher, Refrigerator, and an Abundance of Cabinets! The Upgraded Countertops, and Stylish Stone Backsplash look amazing with the Modern Black Appliances! The Laundry Room/Mudroom is conveniently located through the door just off the Kitchen/Dining Area, and provides access to the Backyard. The Lot Size is Plenty Big For Entertaining, Gardening, adding another Bathroom, or even a Garage/Carport. The Hallway and 3 Bedrooms all have Original Solid Hardwood Flooring, and are Freshly Painted. *Notice the Views from the 2 Westside Bedrooms! Out front there's plenty of room to Park an RV, Boat, etc. Located near shopping, restaurants, schools, Academy Blvd, I-25 & just minutes from Ft. Carson or the Colorado Springs Airport! This is your chance to Own Your Home for less than renting, come take a look!
Source: PPMLS #7745524
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #7745524
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: #7745524
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.