6930 Waterwood Ct, Colorado Springs, CO 80918
5 beds · 4 baths · 2,208 sqft
Spacious split-level home in Woodland Hills Village! Situated on a private cul-de-sac with minimal traffic and convenient access from three entry points, this residence offers a peaceful setting with the benefits of living in the Briargate area. Zoned for the acclaimed Academy District 20 schools, this home is ideally positioned close to Powers and Academy, ensuring easy access to amenities and services. This home stands out as one of the few five-bedroom properties in the neighborhood, featuring an open floor plan that maximizes space and natural light. Freshly painted throughout, the interior boasts hardwood flooring in the living and dining areas. The updated kitchen is a highlight, showcasing new quartz countertops, a stylish tiled backsplash, and a breakfast bar that overlooks the lower-level family room. The family room features a cozy fireplace and walk-out access to the spacious backyard. The lower level also includes a convenient half bathroom and laundry area. Upstairs, you'll find three bedrooms, including an oversized and bright primary suite with double doors, vaulted ceilings, and a walk-in closet. The updated primary bathroom features new dual sinks, a quartz countertop, new mirrors and hardware, luxury vinyl plank flooring, and an oversized soaking tub. Another updated bathroom on the upper level provides additional comfort for family and guests. The finished basement enhances the home's versatility, with two bedrooms—one with its own ensuite bathroom. The spacious backyard is perfect for outdoor living, featuring a deck and a storage shed for added convenience. Additional features include a new roof and new water heater. Experience the perfect blend of space, modern updates, and an ideal location in this Woodland Hills Village gem!
Source: PPMLS #3188976
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #3188976
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: #3188976
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