5075 Ivor Dr, Colorado Springs, CO 80916
3 beds · 2 baths · 1,308 sqft
Step into this freshly painted bi-level gem, ideally situated with quick access to the vibrant Powers corridor. Set on an expansive 8,400 sqft lot, this home offers ample space to relish Colorado’s stunning weather—whether you're tending to your garden or soaking in breathtaking mountain sunsets from the newly refinished composite deck. Inside, you'll be greeted by sleek, like-new wood laminate flooring that flows seamlessly through the entryway, upper living room and into the lower level laundry and bathroom. The upper level is bathed in natural light, providing a serene sanctuary to unwind and relax after a busy day. The generous kitchen and dining area, enhanced by recessed lighting, offers the perfect setting for gatherings and culinary adventures. The primary bedroom is a true retreat, accommodating a king-sized bed with ease and featuring a spacious closet and private access to the upper bathroom. With new carpet throughout all three bedrooms and the lower living space you can kick off your shoes after a long day and enjoy your own private cozy retreat. With its ideal location and charming features, this home is a rare find. Don’t miss your chance to make it yours—schedule your showing today!
Source: PPMLS #9914731
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #9914731
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: #9914731
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.