3924 Pearl Dr, Colorado Springs, CO 80918
4 beds · 2 baths · 1,732 sqft
Welcome to your newhome in the heart of Colorado Springs! This stunning four-bedroom, two-bathroom residence offers an inviting blend of modern comfort and classic charm. As you step inside, you'll be greeted by beautiful, newer wood flooring that flows seamlessly throughout the open living spaces, creating a warm and welcoming atmosphere. The kitchen is a true highlight, featuring custom shelves and elegant butcher block countertops that enhance both style and functionality. It's perfect for culinary enthusiasts and entertaining guests alike. Plus, a brand-new dishwasher, just six months old, makes cleanup a breeze! Step outside to discover a newly constructed deck that’s perfect for summer barbecues, morning coffee, or evening relaxation under the stars. This outdoor space is ideal for both family gatherings and quiet moments of solitude. Enjoy the benefits of paid-off solar energy, with electricity connection fees only every month, making your utility bills incredibly low! This eco-friendly feature not only saves you money but also supports a sustainable lifestyle. The home includes a new washer and dryer, ensuring that laundry days are convenient and hassle-free. With four spacious bedrooms, there's ample room for family, guests, or a home office. Located in the heart of Colorado Springs, you’ll find yourself just moments away from major roads such as Union, Academy, and Powers, providing easy access to shopping, dining, and recreational activities. This home is not just a place to live, but a lifestyle waiting to be embraced. Don’t miss your chance to make it yours!
Source: PPMLS #7810819
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #7810819
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: #7810819
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.