5704 Callan Dr, Colorado Springs, CO 80927
3 beds · 3 baths · 1,932 sqft sqft
Welcome to your New Home in Carriage House in Banning Lewis Ranch. This Home is Ready to Occupy NOW! Enjoy the stunning views from your rooftop deck for entertaining or relaxing. Smart-Space Third Level addition adds extra space for a second family room, study, office, or play area.Main Level has 9 ft. ceiling. Open Concept with Many Builder Upgrades Modern Kitchen upgrades of the Gorgeous Black Stainless Gas Stove, Microwave, Dishwasher, Disposal Refrigerator, Beautiful subway tile backsplash Granite Countertops, and a Large Center Island. This Kitchen has ample countertops and cabinets with roll-out shelving and Slow-Close Cabinets. Lots of space for storage and a pantry. Walk out to the backyard and beautiful deck right from the kitchen, excellent for grill and BBQ. While enjoying your private space, you have raised garden beds with a drip water system and auto sprinklers— Crown Molding on your main Level with a fireplace. Walk right into the kitchen from the 2-car garage with GDO easy access and no stairs for carrying groceries —bathrooms on the main and second levels. Windows are all an upgraded package with additional designer windows on all levels, in bedrooms and hallways, making the home bright. Three bedrooms on the second level with walk-in closets. Beautiful tile and designer wallpaper in the hallway bathroom. The Community Center Has 24-Hr. Fitness, an Outdoor Olympic Heated Pool, Splash Park, Tennis, Pickle Ball Courts, 5 acres of hiking trails, a Zipline, and a Dog Park. Corner Lot. This is THE SURREY FLOOR PLAN Enjoy this Gem of a Home with Very Low Maintenance, Comfort, Convenience, Style, and Functionality. Trash Removal and Recycling.
Source: PPMLS #8715868
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #8715868
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: #8715868
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.