6186 Popper Dr, Colorado Springs, CO 80925
4 beds · 3 baths · 2,188 sqft
This is a gorgeous 2 story home in the highly desirable Lorson Ranch area. This home features lots of entertaining space with an open concept living room/kitchen/dining room and walk out access to the fully fenced and landscaped backyard. It also boasts views of Pike's Peak and the front range! All 4 bedrooms are upstairs as well as a conveniently located laundry room outside the master bedroom. The master bedroom has plenty of space for a sitting area and attached is a five piece bathroom including a soaker tub and walk in closet. There is a full unfinished basement to allow for additional living space, another bedroom and rough-ins for a bathroom should you chose to finish it in the future. Three car tandem garage. Some of the other many extras include: Home office, Halo water softener, 55" TV,new roof and gutter system, new refrigerator, dishwasher and clothes washer and dryer which all stay! Second refrigerator in the garage. New window screens. New ceiling fans and faucets. Lorson Ranch feels like it is way out of the big city yet it provides quick access to Ft. Carson, Peterson SFB, Schriever AFB, the Colorado Springs airport as well as the Powers and Marksheffel corridors. Don't let this one get away!
Source: PPMLS #7743778
Financials
Source: PPMLS #7743778
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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