5825 Huerfano Dr, Colorado Springs, CO 80923
4 beds · 3 baths · 2,655 sqft
Welcome home to this pre-inspected, move-in ready, spacious property that perfectly combines space, comfort, and convenience in a great neighborhood with easy access to all area amenities! This expansive home boasts generous living areas and a large, level fenced-in yard, offering both privacy and ample room for outdoor activities. As you step inside, you’re greeted by an inviting foyer with soaring vaulted ceiling that leads to an open-concept great room with gas fireplace, built-ins and bay window, perfect for entertaining or relaxing with family. The large windows flood the space with natural light, highlighting the thoughtfully designed layout. The spacious kitchen features modern appliances, plenty of counter space, and a convenient island—ideal for casual meals or hosting gatherings. From the sunny dining nook, walk out to the large patio - wired for hot tub - and backyard with dog run. A sizeable main-level office is perfect for work-from-home or schoolwork, and the formal living and dining room with coffered ceiling complete this level. Head upstairs to find the master retreat complete with en-suite 5-pc bath and walk-in closet. There is also a large loft with closet - which could be converted to an additional bedroom but offers great living space as is. 2 additional bedrooms (one with bathroom access) with mountain views and full bath complete the upper level. The unfinished basement offers opportunity for future expansion or storage. Located in a desirable community, this home is just minutes away from essential amenities, including hiking, biking, shopping, dining, parks, schools and the Powers Corridor for an easy commute anywhere in town. Enjoy the convenience of nearby recreational options, ensuring there's always something to do. Schedule your private showing today and experience the charm and spaciousness of this remarkable property!
Source: PPMLS #7479064
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #7479064
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: #7479064
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.