5817 Carrick Ln, Colorado Springs, CO 80927
4 beds · 3 baths · 2,975 sqft
Beautiful & modern 2-story home with 4 bedrooms, 3 bathrooms and multiple living spaces! Located in desirable Banning Lewis Ranch, on a corner lot, and directly across from Ashmore Park. This home has great curb appeal with landscaped yard, stone accents, and covered porch entry. Once inside, you are met with stylish laminate floors that span throughout the main level open floor plan. Lots of windows & high ceilings, along with neutral paint make this home light & bright! The kitchen is a show stopper with oversized island, granite counters, two whole walls of cabinets and counter space, high end black stainless appliances, gas range, and even a butlers pantry leading to the dining area. The great room features large windows, 2 ceiling fans and a walk out to the extra large composite deck. The fenced back yard is perfect for entertaining with built in fire pit and custom deck that spans across the back of the home. Back inside, a bonus area and convenient half bath complete the main level. Upstairs, the loft can serve as a second family room with ample space to accommodate many different functions. The primary suite has a double door entry and plenty of space to add a separate seating area within the room. A stylish barn door leads to the attached spa style bathroom with double sinks, gorgeous tiled walk in shower with multiple shower heads, bench seat, and separate soaking tub. An oversized walk in closet is also attached for plenty of storage. Three more good sized bedrooms, another full bathroom with double sinks, and separate laundry room complete this level. The basement level is unfinished and has been roughed in for an additional bathroom, bedroom, and additional living space. Add your own touches to create additional value to this amazing home! Other great features of this home include updated finishes & fixtures, lighting, additional accent windows, surround sound pre-wire in the living room, and mountain views from multiple rooms.
Source: PPMLS #7519216
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #7519216
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: #7519216
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.