2623 FLINTRIDGE DR, Colorado Springs, CO 80918
Discover your dream home nestled on a serene half-acre lot, where timeless design meets modern elegance in a chic, upscale aesthetic. This impeccably maintained residence backs to a tranquil stream in quiet, maturely treed neighborhood in the heart of Colorado Springs, offering peaceful mountain living w/ breathtaking views of the bluffs, rock formations, & Palmer Park. Main level living, filled w/ abundant natural light & charming brick-surround wood stove, while the expansive kitchen is a chefs dream. Generous cabinetry, granite countertops, a large breakfast bar, stainless steel appliances, & newly added coffee/tea bar, this space overlooks dining & living area, offering seamless flow & great entertaining. Step out onto spacious composite deck & immerse yourself in the meticulously maintained backyard & stunning views. Retreat to the owner’s suite, designed as your personal oasis, complete with an ensuite bathroom featuring raised sink & standing shower. Two additional bedrooms, full bathroom complete main level. The sunroom, which flows naturally from living room, offers a versatile space for relaxation, & the ability to add hot tub inside. Downstairs, fully finished basement, w/ its own private entrance, presents an ideal opportunity for short-term rentals/additional living quarters. It boasts fully renovated bathroom, spacious bedroom w/ walk-in closet, wet bar, & custom built-ins—perfect for all your needs. This home is packed w/ desirable features, including passive solar heating & cooling, central vacuum system, an oversized two-car garage w/ shelving, large storage shed, RV parking, fully fenced backyard, hot tub, whole-house attic fan, & automated blinds in the sunroom. Recent updates include new doors, trim, hardware, & paint throughout. Ideally located near shopping, dining, and easy access to northern and southern Colorado Springs via Powers Boulevard, this home offers the perfect blend of convenience and nature.
You may be able to put down less than the total down payment amount of $147,244 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #7644101
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