711 S Bear Paw Ln, Colorado Springs, CO 80906
4 beds · 4 baths · 3,685 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This is an unbelievable opportunity to own a stunning custom home nestled on nearly an acre in the highly sought-after High Valley Park neighborhood. Surrounded by mature trees and offering exceptional privacy, this property also features ample space for RV or boat parking, plus a rare and luxurious heated driveway—perfect for Colorado winters. Inside, the main level welcomes you with a spacious living room highlighted by vaulted ceilings, large windows that flood the space with natural light, and a cozy gas fireplace. The kitchen is a chef’s dream, complete with granite counters, tile flooring, abundant cabinet space, and a lovely eat-in area that opens directly to the backyard. Adjacent to the kitchen, you'll find a formal dining room ideal for entertaining. Another inviting living area on the main floor features warm hardwood floors, a second fireplace, and a built-in office nook with granite counters—perfect for working from home. Upstairs, the home offers three generously sized bedrooms, each with its own en suite bathroom, providing comfort and privacy for all. The primary suite is a true retreat, complete with its own fireplace, a walk-out to a large private deck, and a fully updated five-piece bath that exudes spa-like luxury. The lower level offers even more space with a fourth bedroom and adjoining bathroom, a large family or rec room, and two additional rooms ideal for storage or a hobby area. The backyard is designed for both relaxation and fun, featuring an expansive concrete patio, a soothing hot tub, and multiple play areas for kids or pets. Located just minutes from downtown Colorado Springs, hiking trails, shopping, and situated within the award-winning Cheyenne Mountain School District, this home combines timeless craftsmanship with modern amenities and an unbeatable location. Don’t miss your chance to own this one-of-a-kind property in High Valley Park—schedule your private showing today.
Source: PPMLS #7838776
Learn about how it works
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
All values shown are estimated costs / mo.
Source: Public records
Source: PPMLS #7838776
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.
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.
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.
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.
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.
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.
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 and Equal Opportunity Act.