6432 SHIMMERING CREEK DR, Colorado Springs, CO 80923
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.
You may be able to put down less than the total down payment amount of $155,650 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #9119412
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