4117 Fellsland Dr, Colorado Springs, CO 80922
4 beds · 4 baths · 3,133 sqft
Prepare to be captivated by the allure of a hidden gem nestled in the vibrant city of Colorado Springs. Step inside and be greeted by a grand entrance that sets the stage for the remarkable features that await you. The open-concept design seamlessly connects the living spaces, allowing for effortless flow and creating an inviting atmosphere for both relaxation and entertainment. The heart of the home is the gourmet kitchen, a culinary masterpiece that will inspire your inner chef. Boasting sleek granite countertops, stainless steel appliances, and a double oven, this kitchen is as functional as it is stylish. The abundance of counter space and a large pantry provide ample room for all your culinary creations. Indulge in the luxurious comforts of the master bedroom, a private sanctuary designed for ultimate relaxation. With vaulted ceilings and an abundance of natural light, this room exudes tranquility. The attached 5-piece master bath offers a spa-like retreat, complete with a lavish soaking tub, a separate shower, and dual vanities. The finished basement is a haven of possibilities, offering a versatile space that can be customized to suit your unique needs. Whether you envision a home theater, a fitness center, or a playroom, this space provides endless opportunities for creativity and personalization. Step outside and discover your own private oasis. The expansive patio is perfect for al fresco dining or hosting memorable gatherings with friends and family. Situated on a 6,316 square foot lot, this home offers breathtaking views of the majestic Pikes Peak, providing a constant reminder of the natural beauty that surrounds you. Conveniently located near schools, shopping centers, and recreational activities, you'll have everything you need right at your fingertips. Don't miss out on this opportunity. Schedule a showing today and embark on a journey of luxury living in Colorado Springs!
Source: PPMLS #9928696
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #9928696
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: #9928696
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.