5263 Rondo Way, Colorado Springs, CO 80911
4 beds · 4 baths · 2,340 sqft sqft
Welcome Home! Nestled in the highly sought-after Windmill Mesa Subdivision, this stunning property offers an unbeatable location just minutes from COS airport, Fort Carson, I-25, Academy Blvd, Powers, dining, shopping and local schools. This spacious home boasts 4 bedrooms, 4 bathrooms, a 2-car garage, and 3 additional versatile rooms that offer endless possibilities! The heart of the home is in the main level- the kitchen, which showcases gorgeous top-stone countertops and island, sleek stainless steel appliances, a pantry, and plenty of storage space. The adjacent family room features a cozy fireplace, perfect for relaxing evenings. Both the kitchen and family room provide easy access to the large backyard, complete with a shed for extra storage and plenty of space for outdoor activities, the main level also features two extra rooms with endless opportunity. On the upper level, retreat to the primary suite, featuring a luxurious 5-piece bath and a huge walk-in closet. Two additional bedrooms and a full bath complete the upstairs. Head downstairs to find a laundry area, a full bathroom, and one more formal bedroom and additional extra room ready to be customized to your needs. Additional highlights include AC, Whole-house Humidifier, a water sprinkler system, a spacious patio with awning, ideal for summer gatherings, and beautiful Pikes Peak views from the front of the house. This home offers endless potential and is ready for you to create new memories! Don’t miss your chance to make this beautiful home yours!
Source: PPMLS #2266321
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #2266321
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: #2266321
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.