8 N Olympian Dr, Colorado Springs, CO 80905
4 beds · 4 baths · 2,782 sqft
Welcome to this beautifully maintained 4-bedroom, 4-bathroom home with a 2-car garage, built in 2021! Situated on a corner lot, large energy-efficient windows flood the space with natural light, enhancing the home’s inviting atmosphere. The open layout includes a study, spacious family room, and dining area, perfect for relaxing or entertaining with mountain views. The extended kitchen is a chef’s dream, featuring a gas range, stunning cabinetry, and durable quartz countertops. The living room showcases a beautiful modern fireplace insert. A walk-out custom concrete patio on this corner lot is a perfect place to grill, or enjoy a morning coffee while watching the mountain views. Retreat to your Owner’s Suite upstairs, where you'll find a spacious master bedroom and a luxurious bathroom with a double vanity, separate toilet, and large extended shower, a well-sized walk-in closet, all complemented by stunning mountain views. Two extra bedrooms on the upper floor are perfect for children, guests or an office. The finished basement is an entertainer’s paradise, offering a game room, a fourth bedroom, and a third full bathroom. The garage is equally impressive, with freshly finished epoxy floors and added storage space for all your needs. Though built in 2021, this home has been enhanced with thoughtful updates, including custom-made shutters, electric shades, upgraded indoor and outdoor light fixtures and a modern fireplace—every detail has been carefully considered to elevate your living experience. Located in the desirable Gold Hill Mesa neighborhood, this home offers community-style living while being conveniently close to trails, shopping, and dining options on the west side of I-25. You are a short drive to Old Colorado City, Garden of the Gods, Bear Creek Dog Park, Red Rock Canyon Open Space for outdoor activities as well as a short commuting distance to Fort Carson and other military installations. Don’t miss the chance to make this home yours!
Source: PPMLS #8026401
Financials
Source: PPMLS #8026401
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.