5719 Flicka Dr, Colorado Springs, CO 80924

Welcome to this stunning ranch 4-bedroom home PLUS an office, offering an exceptional blend of luxury, functionality, & modern amenities in the highly sought-after **SCHOOL DISTRICT 20**! Located in a vibrant community with amenities, including a pool & various activities, this home is perfect for those seeking a supportive neighborhood. Step inside to discover a state-of-the-art, custom-designed kitchen completed in 23 with all-new cabinets, countertops, flooring, & appliances. The kitchen is a chef's dream, featuring an oversized refrigerator, oversized freezer, 2 beverage refrigerators, dishwasher, microwave, & a spacious pantry. In addition, there is an alkaline water faucet at the kitchen sink. Adjacent to the kitchen, you'll find a formal dining room & an informal dining area with direct patio access, ideal for casual meals & outdoor gatherings. The inviting living room boasts a gas fireplace, high vaulted ceilings, & an abundance of windows that fill the space with natural light. The primary bedroom is a true retreat, featuring a brand-new custom closet & a remodeled en-suite bathroom with a double vanity. The primary bath was remodeled in 22 & now includes a heated floor, a heated towel rack, & beautiful finishes that add a touch of spa-like luxury. The basement extends the living space with two full bedrooms, a full bathroom, & a large family room with a gas fireplace & a pool table. Additionally, an unfinished 550-square-foot space offers great potential to be transformed into an extra bedroom, home gym, or even a home theater. Outside, the backyard is a low-maintenance oasis, featuring a patio ideal for entertaining. A calming water fountain enhances the ambiance, creating a peaceful retreat for outdoor gatherings or quiet moments of relaxation. Recent updates include a new roof installed in Sept. 24, solar panels added in 23, & a new furnace in 20. This move-in-ready, ranch-style home is designed for modern living & easy upkeep in a welcoming community.

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

• Buyers
• Agents
• Sellers

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.

Last updated: Nov 25, 2024 12:31 am

Listing agent: Alzira Escobar Pruitt (719) 210-9848

Listing provided courtesy of: RE/MAX Real Estate Group Inc (719) 599-8500

Details provided by RECO and may not match the public record.
MLS ID: #3278198

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