5554 Barnstormers Ave, Colorado Springs, CO 80911
5 beds · 4 baths · 4,496 sqft sqft
Beautiful rancher home in desirable Barnstormers Landing! Unbelievable 4542 square feet! Upon entering the home, you are greeted at the foyer with high ceilings and wood floors. The open layout ensures that the kitchen, dining, and living areas flow together effortlessly, creating an inviting atmosphere. There is a formal dining room with wood floors and large window. The kitchen features granite counters with upgraded black appliances, Pantry, Island and Peninsula. It is adjacent to a second spacious dining area that walks out to the backyard. The open floor plan unfolds before you, seamlessly connecting the expansive great room that features a cozy fireplace, perfect for gatherings and relaxation, and large private office with the double-sided fireplace. The five bedrooms are thoughtfully designed to offer privacy and comfort. The master suite is a true retreat, featuring a spacious bedroom with lots of windows, private seating area, a walk-in closet, and an en-suite bathroom with a jetted soaking tub, dual vanities, and a walk-in shower. The additional bedrooms are generously sized, with ample closet space. One of the secondary bedrooms has its own en-suite, ideal for guests or family members desiring extra privacy. Imagine a large family room with a second gas fireplace that epitomizes comfort, and versatility, where family and friends gather for relaxation and entertainment. This home also features 4 full bathrooms, a huge Trex deck with a staircase that is generously wide down to the backyard, 3 Car garage with space for a workshop and garage door opener, stucco siding, central air, 2 laundry areas. The community has a huge playground. Close to shopping and military bases. Welcome Home!!!
Source: PPMLS #1139153
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #1139153
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: #1139153
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.