6072 Nash Dr, Colorado Springs, CO 80925
5 beds · 4 baths · 3,307 sqft
This home is a must see. This five bedroom four bath home with a three car garage is located in Lorson Ranch East. Entering the home you are welcomed by luxury vinyl tile. This open floor plan is accented by high ceilings. Upon entering there is an office located on the left. As you continue towards the back of the home there is a half bathroom. Once you enter the kitchen area you are impressed with the beautiful cabinets, granite countertops, and island. There is tons of cabinet and storage space. The dining area is off the backside of the kitchen and walks out to the deck. Finishing off the main level is a beautiful living room with a fireplace and built In's. The upper level offers a generous master suite, 3 nicely sized secondary bedrooms, a loft, a second full bathroom, and a laundry room. The basement offers a fifth bedroom, a third full bath, and a large secondary living room/recreation room. This home is cooled by central air conditioning. The home is located close to Fort Carson, Peterson AFB, and Schreiver AFB. Close to shopping, dining, and downtown Colorado Springs.
Source: PPMLS #4249359
Source: PPMLS #4249359
Source: Public records
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%. 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.
Other resourcesWhat 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.
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