6269 Armdale Hts, Colorado Springs, CO 80927
3 beds · 3 baths · 2,536 sqft sqft
Innovative, and functional describe this spacious ranch style home in a great location at the corner of the community offering an open view out the large windows. It includes a secondary bedroom at the front of the home, with a full bath just outside the door. As you walk in you will see the wonderful open floor plan with so much natural light you feel like you're outside. This great room space includes the dining area, living room and kitchen, which has a pantry, gas range and 2 ovens. As you work your way back you will notice the large laundry room located right next to the master bedroom suite for your convenience. The large master bedroom includes a large bathroom with a private spa like shower, dual sinks and a wonderfully sized walk-in closet with natural light. In the basement you will find another bedroom and large bathroom along with a fabulous family room. Plenty of storage with many well placed closets throughout the home and a large storage room downstairs. New Carpet throughout. Come find your new home at The Retreat in Banning Lewis Ranch, a 55 and better community with lots of perks! This community offers; The Barn, only for the 55 and better residents, this clubhouse has a 24-hour fitness room, an outdoor heated pool with zero entry, Bocce ball courts, Pickle ball courts, tennis courts, a dog park and plenty of walking trails and parks. Trash removal, recycling services, snow removal and much more are included in your monthly dues! Home Includes: Wi-Fi Garage Door, Door Bell-Ring Video System, Touch Screen Deadbolt, landscaped and fenced back and side yard.
Source: PPMLS #8779098
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #8779098
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: #8779098
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.