6105 Callan Dr, Colorado Springs, CO 80927
2 beds · 2 baths · 1,407 sqft
Welcome to this stunning Oakwood home in the desirable Banning Lewis Ranch! This residence offers a perfect blend of luxury, comfort, and thoughtful design with no expenses spared. As you step inside, you'll be greeted by an abundance of natural light creating an inviting atmosphere. Heading upstairs you will be greeted with an open-concept living space with the kitchen serving as the heart of the home. Featuring a massive granite island, plenty of countertop space, stunning black stainless steel appliances that complement the home so well. This kitchen is truly designed for both style and functionality, making it perfect for entertaining guests or preparing a lavish meal. The focal point of the living space is a captivating stone wall fireplace, adding the perfect touch of elegance. The main living area also features a large primary suite, a large walk-in closet, complete with a beautiful barnwood style door leading into the ensuite bathroom. On the lower level you will find a spacious second bedroom accompanied by a full bathroom and a living space/flex room that's perfect for a home office or additional living space. Step outside to the expansive backyard, it has not been landscaped so one can truly make it one of a kind and make it perfect for hosting barbecues or simply enjoying the Colorado sunshine. Don't miss the opportunity to make this exquisite property yours!!
Source: RECO #4447492
Interest rate and monthly payment estimated based on public records.
Source: RECO #4447492
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: #4447492
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