5717 Whiskey River Dr, Colorado Springs, CO 80923
4 beds · 4 baths · 3,663 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Impeccably maintained 4 bedroom, 4 bath home in Indigo Ranch offers a stunning two story family room with amazing windows and light. This home is the perfect blend of luxury, comfort and functionality. The open concept main level features a spacious formal living area that flows effortlessly into the formal dining room creating a warm and welcoming atmosphere. The huge open concept gourmet kitchen with granite counters, stainless appliances, white cabinets, spacious island and breakfast nook open to a beautifully landscaped backyard. The family room has built-ins and a gas fireplace, large windows and an overlook from the upper level. A half bath and laundry room with front load washer and dryer are separated by a modern barn door to complete the main level. Upstairs the Primary suite is a true retreat with French doors opening to a beautifully updated 5 piece bath with dual vanities, soaking tub and a walk-in closet. Two additional bedrooms and a full bath complete the upper level. The fully finished basement expands your living space even further featuring a huge family room for all kinds of entertaining, the fourth bedroom with a very deep walk-in closet and the fourth full bath and lots of storage to include the Ubiquiti Unify home network and camera system. Additional features include stucco, central air conditioning, 2024 HVAC system, Lumar V28 dual reflective UV protections on all windows to help keep your energy costs low, vaulted ceilings, washer and dryer, beautifully landscaped front and back with turf and drip lines to the plants, built-in gas grill and firepit, and large oversized 3 car garage with ample shelving. This truly is a must see!
Source: PPMLS #3048404
All values shown are estimated costs / mo.
Source: Public records
Source: PPMLS #3048404
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.