5751 Canyon Reserve Hts, Colorado Springs, CO 80919
4 beds · 3 baths · 1,666 sqft sqft
You will love the increased quality of life from westside living! Nestled in the foothills of the front range, this rare gated community offers privacy, security, and proximity to almost 600 acres of city owned open spaces and parks. Located in the desirable Canyon Reserve at Mountain Shadows in beautiful northwest Colorado Springs, this wonderfully developed property is sandwiched between Garden of the Gods, Pike National Forest, the Air Force Academy, and Ute Valley Park. This upgraded townhome has hard-to-find features like: a main level bedroom and bathroom, 4 large bedrooms with 3 having walk-in closets, 3 bathrooms, separate laundry room, 2-car garage, and 560 square feet of private outdoor space including a gazebo. You will love the decked out kitchen which has stainless steel appliances, gas range, crown moulding, granite countertops, peninsula with seating, pantry cabinet, and tile backsplash. This very clean open floor plan has a sophisticated Colorado style and has been upgraded in almost every room including: multiple accent walls, custom saloon and barn door, custom wood mantle, new paint, metal garage storage, outdoor landscaping, lighting fixtures, central air, and window blinds. You need to feel the difference of this gated neighborhood with its' mountain views and setting accentuated by the different architectural designs and space between units which separates it from the competition.
Source: PPMLS #9764146
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #9764146
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: #9764146
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.