6721 OASIS BUTTE DR, Colorado Springs, CO 80923
Don't miss this remarkable home in the Canyon View subdivision. Oasis Butte Dr., offers a park like, beautiful fully fenced and landscaped backyard, with a playset included. Entertain and become a grill master on the patio (with a gas line hook up) that spans the length of the home. You are walking distance to Cottonwood Creek Park with trails, playgrounds, softball and soccer fields and so much more. The main level (upon entry has natural hardwood floors carried through the kitchen) is light and bright with an office (French Door entry and a bay window). The kitchen is light and bright with white cabinets, granite countertops, stainless steel appliances (all included). Leading directly into the dining and great room where light is abundant, enjoy double height windows, vaulted ceilings, an electric fireplace, wooden mantle perfect for stockings, and a great room accent wall. Enjoy the convenience of a drop zone off of the garage entry as well as a 1/2 bath and laundry area complete with (included) washer and dryer. Upper level features the master suite with vaulted ceilings, walk-in closet, and attached 5 pc bath with soaking tub. Three additional upper-level bedrooms and a full bath and double vanity. Finished basement has a family room, bedroom with attached 3/4 bath, and storage rooms.
You may be able to put down less than the total down payment amount of $247,915 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: #5393592
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