525 Paisley Dr, Colorado Springs, CO 80906
6 beds · 5 baths · 5,078 sqft
Welcome to this picturesque home located in the Stonecliff neighborhood at the base of Cheyenne Mountain(Dist. 12) in the Broadmoor area! This 2-story home boasts 6 bedrooms and 5 bathrooms along with a 3 car attached garage! Not to mention, amazing views of the city and the surrounding mountains! As you approach the home you will notice the well-kept property with stucco and brick siding. As you enter the main level, you are met with an office and a formal dining room. Beyond this is the living room, kitchen, 1/2 bathroom, breakfast area, laundry, and storage/pantry room(All with wood flooring) along with access to the garage. The living room comes equipped with a gas burning fireplace, built-in shelving, and is a short distance to the kitchen. The kitchen boasts granite counter tops, stainless steel appliances, and a gas burning stove. The breakfast area/ second dining room includes bar style seating plus a walk out to the back deck! The back deck goes directly into the dog run and the peaceful back yard surrounded by trees. When you head back into the home and up the stairs, you'll find 4 bedrooms and 3 bathrooms. One of which is the spacious primary bedroom with an en suite 5 piece bathroom with tile flooring and two walk-in closets! Downstairs into the basement is the large recreation room with a walk out patio to the side yard. This room has so much space it'll be easy to put a media room along with a game room! Beyond the Recreation room is bedrooms 5 and 6. Bedroom 6 includes an en suite 3/4 bathroom, which has a separate entrance from the recreation room. This home includes a solar system, new storage racks in garage and a newly modified HVAC system! Come take a look at this awesome and spacious home today!!!
Source: RECO #8062715
Source: RECO #8062715
Source: Public records
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%. 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.
Other resourcesWhat 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.
This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.
The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.
PUBLISHER'S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.
METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.