8178 Lookout Ct, Colorado Springs, CO 80925
3 beds · 3 baths · 2,578 sqft
Stunning Modern & Like-New Home on an Oversized Lot – Loaded with Amenities! Welcome to this beautifully designed, that perfectly blends style, comfort, and versatility. Nestled on an oversized lot in a desirable neighborhood, this 3-bedroom gem boasts a dedicated main-level office and an additional flex room, giving you the freedom to create the perfect space—whether it’s a home gym, playroom, or media lounge! Step inside to an inviting open-concept layout featuring modern finishes, abundant natural light, and a chef’s kitchen complete with a high-end gas stove—perfect for cooking enthusiasts. Stay comfortable year-round with central air conditioning, and rest easy knowing this home includes a radon mitigation system for added peace of mind. The spacious primary suite offers a tranquil retreat, while two additional bedrooms provide plenty of room for family or guests. Outside, enjoy a beautifully landscaped backyard with plenty of space for entertaining, gardening, or simply relaxing in your private outdoor oasis. With its prime location, extra yard space, and top-tier amenities, this home is a rare find—schedule your tour today before it’s gone! ???
Source: PPMLS #1305483
Financials
Source: PPMLS #1305483
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.