304 Coyote Willow Dr, Colorado Springs, CO 80921
5 beds · 6 baths · 5,395 sqft
This stunning two-story home offers breathtaking panoramic views of the Front Range, including the Air Force Academy & Pikes Peak. A grand foyer w/soaring ceilings welcomes you inside. To the right, a formal living room w/vaulted ceilings flows into an elegant dining room w/a tray ceiling and bay window. To the left, a spacious office w/French doors provides the perfect workspace. The main level is thoughtfully designed w/a half bath, a large mudroom, and a built-in drinking fountain. The gourmet kitchen features rich birch cabinetry, granite countertops, and a center island w/a five-burner gas cooktop. Hand-scraped wood floors flow through the kitchen, eat-in dining area, & great room, creating a warm, inviting atmosphere. A bay window breakfast nook & built-in desk add functionality, while the great room impresses w/a stone-accent fireplace & custom adjustable niches. Step outside to a covered, low-maintenance composite deck & soak in the mountain views. The entertainer’s backyard features custom landscaping, a large stone patio, & a built-in fire pit. Upstairs, the luxurious primary suite is a retreat w/a second fireplace, built-in shelves, & a cozy bay window sitting area. A private study, spa-inspired five-piece bath, and oversized walk-in closet w/custom cabinetry complete the suite. Three additional bedrooms—one w/a private ensuite & two w/a shared bath and charming window seats—all feature walk-in closets. A spacious laundry room w/sink, hanging bar, and cabinetry adds convenience. The fully finished walkout basement is designed for entertaining, offering a large rec room w/wet bar, dedicated media room, half bath, & private fifth bedroom w/ensuite. Ample storage, dual water heaters, two AC units,& two furnaces ensure comfort year-round. Located in sought-after Northgate Estates, this home offers easy access to I-25, the Air Force Academy, shopping, dining, and recreation. Experience Colorado living at its finest—schedule your private tour today!
Source: PPMLS #7433364
Source: PPMLS #7433364
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.