6432 Shimmering Creek Dr, Colorado Springs, CO 80923
5 beds · 4 baths · 2,921 sqft
Great curb appeal w/this 5BR, 4BA, 2-story home located in the popular community of Ridgeview at Stetson Hills in NE Col Spgs. Well manicured front yard w/extended driveway, covered entrance & storm door. Inside, you'll find beautiful wood laminate floors throughout the ML. Central air & heat for year-round comfort. Drapes, rods, & window blinds throughout. Remote controlled blinds on the stairs. There is a convenient Powder Bathroom off the Entry. The Entry leads into the Living Rm where you will find a lighted ceiling fan & wall of windows that flood the room w/natural light. On chilly nights you can cozy up to the gas-log FP w/tile surround. The Eat-In Kitchen features a pantry, planning desk, & white cabinets w/granite countertops. Appl incl a smooth top range oven, built-in microwave, dishwasher, & French door refrigerator. A slider takes you out to the backyard patio for outdoor dining & relaxation. Upstairs, the hallway provides a built-in bookcase. The Laundry closet incl upper cabinets. There are 4BRs w/neutral carpet & 2 Full Bathrooms. The Primary BR is a private retreat w/lighted ceiling fan, walk in closet, & adjoining Full Bathroom. The Primary Bathroom has a dual sink vanity, mirror, & deep soaking tub to help you relax after a long day's work. A huge 22x16 BR features 4 built-in bunk beds w/built-in undermount lights for each bed. Awesome for multiple children w/space for each child to have their privacy. This BR & 2 more share a Full Hall Bathroom. The Basement offers a versatile space currently used as a Family Rm & Gym Area. There is an addtl 5th BR & Full Bathroom, perfect for guests or teens. Oversized 2-car garage. The fenced backyard features a patio & lawn area w/playset that stays. Walking distance to schools & 3.5 acre Jared Jensen Park, where you can enjoy a skateboard area, inline skate court, basketball, picnic pavilion, playground, & .3 mi sidewalk loop. Easy commute to Powers Corridor for shopping & restaurants, & all military bases.
Source: RECO #3098601
Interest rate and monthly payment estimated based on public records.
Source: RECO #3098601
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: #3098601
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