3615 Birnamwood Dr, Colorado Springs, CO 80920
4 beds · 4 baths · 2,556 sqft sqft
Welcome to this conveniently located and charming 2-story home nestled in the highly sought-after Briargate Gatehouse neighborhood. From the moment you step inside, you'll be greeted by an open floor plan that brings in a great deal of natural light. Enter through the front door to discover a formal living room and dining area creating a warm and inviting atmosphere for gatherings with family and friends. The eat-in kitchen boasts newer appliances and seamlessly flows into the living room, where a cozy fireplace adds a touch of elegance and comfort. Step outside onto the expansive deck perfect for outdoor entertaining or relaxation. Upstairs, the primary suite awaits, offering a spacious walk-in closet, large free-standing shower, and dual vanity. Two additional bedrooms and a full bathroom, complete this level providing comfort for the whole family. The walkout basement adds another dimension to this home, featuring an additional bedroom, full bathroom, and a versatile room that could be used as an office, media room or extra family space. Don't overlook the large unfinished portion of the basement, offering ample storage or potential for future customization to suit your needs. This property's prime location is just minutes away from countless nearby amenities including, USAFA, Peterson SFB, Shops at Briargate, amazing parks, restaurants, and award winning schools adds to its desirability. With easy access to I-25 and several major corridors, this location offers convenience without feeling too busy. Don't miss out on the opportunity to make this beautiful property your own and experience the perfect blend of comfort, style, and functionality.
Source: PPMLS #5923429
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #5923429
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: #5923429
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.