6990 Silvergrass Dr, Colorado Springs, CO 80927
3 beds · 3 baths · 1,488 sqft
Located in the sought-after Banning Lewis Ranch, this stunning home blends modern style with everyday comfort. Nearly new and ready for move-in, it features three bedrooms and two and a half bathrooms, offering a stylish and efficient layout. The front yard is beautifully designed for minimal upkeep, so you can enjoy your surroundings without the hassle of constant maintenance. Step through the front door and into a well-designed space that makes the most of every square foot. The main level features durable vinyl plank flooring throughout giving the home a clean and inviting feel. The open-concept living area seamlessly combines the kitchen, dining, and living spaces, making it ideal for both relaxation and entertaining. The kitchen is a showstopper with sleek, modern appliances, including a high-end refrigerator that even makes craft ice. The granite countertops and spacious island provide plenty of room for meal prep, dining, or gathering with friends. Upstairs, you’ll find two cozy secondary bedrooms along with the tranquil primary suite, which boasts its own private bath and a large walk-in closet. An additional full bathroom on this level ensures comfort and convenience for family members or guests. The laundry room is also conveniently located upstairs, and both the washer and dryer are included with the home. One of the standout features of this property is the breathtaking mountain views. The backyard offers endless possibilities for personalization, whether you envision a relaxing outdoor lounge area, a thriving garden, or both. Living in Banning Lewis Ranch means enjoying an abundance of community amenities, from a state-of-the-art recreation center and swimming pools to fitness centers, parks, and trails. The neighborhood is known for its top-rated schools, frequent community events, and close proximity to shopping, dining, and essential services, making it the perfect place to call home.
Source: PPMLS #7409828
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #7409828
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: #7409828
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.