7051 Caballero Ave, Colorado Springs, CO 80911

Welcome to this charming tri-level home, perfect for everyday living and gathering with loved ones. This spacious 3-bedroom, 2-bathroom 1-car garage residence offers a harmonious blend of comfort and functionality. Stay cool all summer with forced air A/C! As you enter, you'll be greeted by a bright and cheerful main level, featuring a living room, dining area and kitchen equipped with a sleek stainless steel fridge and oven, ideal for culinary enthusiasts. Large sliding glass doors lead to the enormous backyard. This outdoor space is a perfect blank slate to embrace an "urban homestead lifestyle" with ample room for garden beds. Alternatively, you could utilize this area as an extension of the indoors, creating a fun space to entertain loved ones. The possibilities are endless. Back inside, take a small flight of stairs down to the heart of the home which is undoubtedly the family room, boasting a stunning floor-to-ceiling wood-burning fireplace that adds warmth and character to the space. This level also includes a versatile office or bedroom, complemented by a convenient 3/4 bathroom and a well-appointed laundry room. Ascending to the upper level, you'll find a roomy master suite, complete with his and hers closets for ultimate convenience. One additional upper level bedroom and a full bathroom (with a jacuzzi tub) round out this level, ensuring comfort for all family members or guests. This thoughtfully designed tri-level home combines spacious living areas with practical amenities, making it an ideal choice for those seeking a comfortable and functional living space. Special features of this home include – additional parking spaces in front of the home, space for RV parking, newer windows throughout, and new carpet in the basement. Don’t wait, this one wont last long!

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

• Buyers
• Agents
• Sellers

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.

Last updated: Nov 15, 2024 02:29 am

Listing agent: Thomas Kenney (719) 650-7290

Listing provided courtesy of: Better Homes & Gardens Real Estate - Kenney & Co. (719) 550-1515

Details provided by RECO and may not match the public record.
MLS ID: #4786225

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