6367 Alyssum Hts, Colorado Springs, CO 80924
3 beds · 3 baths · 1,734 sqft
Are you looking for a home by the lake in the much sought after School District 20 with 220V in the garage (electric car charger ready) and fenced back yard?!? If so, this beautiful Sage Meadows townhome in master-planned Wolf Ranch may be just the one for you! Just down the street is Wolf Lake, Braden Park with food truck on Friday nights, Valemount Park, and Concerts in the Park! This inviting home is highlighted by a bright, open floor plan, cozy atmosphere, and thoughtful upgrades. The chef in the bunch will love the well-appointed kitchen with its spacious quartz countertops, huge island with bar seating and pendant lighting, backsplashes, stainless appliances, and eat-in dining area. The great room area is the perfect space for entertaining, movie night, sports, or just relaxing! Need to get away? Nestle quietly into the master suite with private bath, and mountain views, perfect to get away after a long day! The private bath had double vanities, oversized walk-in shower with bench, walk-in closet, and separate water closet. The spacious second and third bedrooms (one of which could be used as a guest room, home office, or home gym!), and full bath, complete the upper level. Enjoy the Colorado outdoors with the fully fenced back yard, patio with room for grilling, or hanging out around a fire pit. This newer, low maintenance District-20 Wolf Ranch home has a large 2-car garage with 220V, walking distance to the lake, green spaces, parks, and massive trail network! Wolf Ranch amenities include: Pool, Splash Park, Summer Concert Series, Wolf Ranch Fall Festival, Wolf Ranch Food Truck Fridays, Rec Center, Club House, and more. Close, schools, shopping, US Air Force Academy and military bases. Make this house your home. Schedule a tour today!
Source: PPMLS #8287159
Source: PPMLS #8287159
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.