6411 Crossdrum Pt, Colorado Springs, CO 80927
3 beds · 3 baths · 1,661 sqft sqft
Welcome to your new sanctuary in Banning Lewis Ranch! This immaculate 3-bedroom, 2.5-bathroom home offers contemporary living with a touch of Colorado charm. Nestled in a vibrant community known for its scenic views and family-friendly atmosphere, this residence promises both comfort and convenience, not to mention all the amenities that Banning Lewis has to offer! Step inside to discover a spacious open floor plan that seamlessly integrates the living, dining, and kitchen areas. The modern kitchen is a chef's delight, featuring sleek countertops, stainless steel appliances, and ample cabinet space for all your culinary needs. This immaculate house has Luxury Vinyl flooring throughout the house and is one of the only houses in the neighborhood that has a Central Vacuum system. There is also a conveniently located half bath on the main floor to accommodate guests. Upstairs, the generous master suite awaits, complete with a luxurious en-suite bathroom featuring a large walk in closet. Two additional bedrooms provide plenty of space for family or guests, each designed with comfort in mind. Also on the upper floor you have a large walk in laundry room, central to all the bedrooms and a spacious loft, perfect for an extra entertainment space. Outside, enjoy your covered patio perfect for morning coffees or evening barbecues on this corner lot. The attached garage offers secure parking and additional storage space, ensuring convenience year-round. Located in the desirable Banning Lewis Ranch community, residents enjoy access to a wealth of amenities including pools, gyms, clubhouses, splash pads, parks, trails, and community events, plus you don't have to shovel in the winters. With easy access to shopping, dining, and major highways, this home offers the ideal blend of suburban tranquility and urban convenience. Don't miss out on this opportunity to own a piece of Banning Lewis Ranch!
Source: PPMLS #2522042
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #2522042
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: #2522042
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.