6429 Tranters Creek Way, Colorado Springs, CO 80925
3 beds · 3 baths · 1,505 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Nestled in a quiet cul-de-sac in Lorson Ranch, this home offers the perfect blend of comfort and convenience. This Charming 2-story, boasts 3 spacious bedrooms, 2.5 bathrooms, and 2,253 sq. ft. of living space. Step inside to an Open-concept living area filled with natural light, seamlessly connecting the living room and dining space—perfect for entertaining. The Chef’s kitchen features: hardwood floors, stainless steel appliances, espresso maple cabinets, ample counter space, and a large pantry. A sliding glass door leads to the Expansive backyard, ideal for outdoor gatherings. Upstairs, the Primary suite offers a walk-in closet and a spa-like five-piece bath! Two additional bedrooms, and a full bathroom complete the upstairs! The home also includes central air conditioning for year-round comfort. The unfinished basement provides endless potential—add another bedroom, bathroom, and a spacious rec room to expand your living space and increase home value. Situated on a large 8,712 sq. ft. lot, the property is fully landscaped with a sprinkler system and a 6-foot cedar privacy fence. The attached two-car garage & storage shed in the back yard provides ample storage. Located just minutes from Fort Carson, Peterson AFB, and Schriever AFB, with easy access to shopping and dining. Don’t miss out—schedule your showing today!
Source: PPMLS #7418926
Source: PPMLS #7418926
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.