6891 Bigtooth Maple Dr, Colorado Springs, CO 80925
4 beds · 3 baths · 2,039 sqft
Welcome home to this stunning, BETTER THAN NEW, 2-story home w/gorgeous panoramic mountain views. Walk up to the welcoming covered front porch, perfect for enjoying morning coffee. Enter the home and enjoy all of the natural lighting & main level luxury laminate wood flooring Upon entry, off to the right is a flex room w/dual sliding barn doors & mountain views. The living room is cozy and inviting and is open to the kitchen which offers quartz countertops, an updated refrigerator, pantry & a gas stove. The dining room has a walk-out slider to a 28x10 extended concrete patio & a huge back yard with newly planted trees and a shed. The main level is completed with 1/2 bath and a closet. Make your way upstairs to a well planned layout with 4 bedrooms, a loft area, full hallway bathroom and a laundry room that is convenient to all of the bedrooms. The master bedroom and 2 additional bedrooms offer amazing views. The master bath is a 5-piece w/a free standing shower, soaking tub, walk-in closet, large linen, deep drawer vanity w/2 sinks & outlets installed where they make sense. This home offers tons of extras/upgrades to include taller base cabs throughout w/quartz countertops, extended patio, fully landscaped, whole house fan, AC, oversized garage w/service door to backyard, bottom freezer refrigerator, outlets w/standard cable, ethernet, standard 110 power plug, wall outlet in living room, additional outlets installed, radon system, updated LED light fixtures w/matching window rods & pull backs, Security System w/Ring Doorbell, solar spotlight cameras, motion detectors & window sensors on entire main level windows & on the 2nd level front side of home windows. There's also an emergency shut off in the closet under the stairs & extra storage space in the crawl space w/sump pump. This home is Close to shopping, restaurants and grocery stores and military bases. Only 1 block away from tons of open space w/parks & walking trails plus there's a pond & a gazebo!
Source: PPMLS #7590835
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: PPMLS #7590835
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “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.
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 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 of Equal Opportunity Act.