5312 Hammond Dr, Colorado Springs, CO 80915
3 beds · 3 baths · sqft
Step into this enchanting newer home, a place where every detail whispers comfort and contemporary charm. With 3 bedrooms, 3 bathrooms, and an open-concept design, it’s a canvas ready to capture the moments that matter most. The heart of the home is the chef-inspired kitchen, where sleek countertops, gleaming stainless steel appliances, a pantry, and a large island with a breakfast bar set the stage for both culinary adventures and casual conversations. The kitchen flows effortlessly into the dining and living areas—a perfect setting for cozy family meals or lively gatherings with friends. Vaulted ceilings in the upstairs primary suite create a sense of spaciousness, offering a tranquil retreat at the end of a long day. The spa-like ensuite bathroom, complete with dual vanities, a walk-in shower, and a generous closet, invites you to unwind in comfort. Two additional bedrooms, bright and generously sized, stand ready to welcome loved ones or provide space for creativity and rest.At the top of the stairs, a cozy nook offers the perfect spot for a desk or reading chair adding extra versatility to the home. Beyond its thoughtful design, this home is built to impress with energy-efficient windows and contemporary finishes. The layout invites connection yet offers the perfect blend of privacy and togetherness, whether you’re savoring quiet mornings or hosting lively evenings. Nestled near the Powers Corridor and military bases, this home places the best of life at your doorstep—shopping, dining, and entertainment just moments away. Don't miss this rare opportunity!
Source: PPMLS #1347809
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #1347809
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: #1347809
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.