6198 Harmonica Arch Dr, Colorado Springs, CO 80924
5 beds · 4 baths · 4,696 sqft
Welcome to an exquisite ranch-style residence on a corner lot nestled in the prestigious Wolf Ranch neighborhood of Colorado Springs. This stunning luxury home spans 4,696 square feet, offering a perfect blend of elegance and comfort. Boasting 5 spacious bedrooms and 4 elegantly designed bathrooms, this home provides ample space for both family living and modern entertainment. As you step inside, you'll be captivated by the open floor plan with LVP flooring throughout the main level, accentuated by high ceilings and abundant natural light. The gourmet kitchen is a chef's dream, featuring top-of-the-line appliances, custom cabinetry with soft close drawers, and a large center island perfect for meal preparation and casual dining. Adjacent to the kitchen, the inviting living area with a cozy stone fireplace creates a warm and welcoming ambiance. The primary bedroom is a true retreat, complete with a spa-like ensuite bathroom, dual vanities, a soaking tub, and a separate walk-in shower. Each additional bedroom is generously sized, offering plenty of closet space and access to beautifully appointed bathrooms. The fully finished basement provides additional living space, perfect for a home theater, gym, or game room as well as 2 bedrooms including 1 full bathroom. Outside, the meticulously landscaped yard offers a perfect blend of beauty and functionality. Enjoy Colorado's stunning weather on the expansive patio, ideal for outdoor dining and relaxation. The three-car garage tandem provides ample storage and convenience. Located in the sought-out Wolf Ranch community, this home is within close proximity to Academy School District 20 Schools, parks, nearby shopping, dining, grocery stores, entertainment. The community boasts a pool, splash pad, recreation center, and a dog park as well. Experience the perfect combination of luxury and convenience your dream home awaits.
Source: PPMLS #8990096
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: PPMLS #8990096
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.