525 Paisley Dr, Colorado Springs, CO 80906
6 beds · 5 baths · 4,853 sqft 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 #3769982
Interest rate and monthly payment estimated based on public records.
Source: RECO #3769982
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 30-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: #3769982
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