8235 Winding Passage Dr, Colorado Springs, CO 80924
4 beds · 3 baths · 3,818 sqft
Experience one of the finest homes in Wolf Ranch! This impeccably maintained, heavily upgraded 4-bedroom, 3-bathroom, 3-car garage ranch-style home is located in the highly desirable Wolf Ranch community. From the moment you arrive, the home's stunning curb appeal and xeriscaped landscaping, which backs onto open space, are sure to impress. Upgrades include elegant plantation shutters, a water recirculator for instant hot water, a new custom closet in the primary suite, and all slate/stainless steel Kitchenaid appliances. Upon entering, you're greeted by a cozy office off the foyer - double doors make it perfect for Zoom meetings or homework. Moving past the formal dining room, you'll find a gourmet kitchen with granite countertops, a 5-burner 36" gas cooktop, a butler's pantry with wine rack, double ovens, a tile backsplash, and a spacious breakfast nook. Step outside to the expansive, partially covered deck with wrought iron railings, offering serene views of open space. Inside, the breathtaking great room features a stone gas fireplace with a blower. The luxurious primary retreat boasts a 5-piece bath, jetted tub, walk-in closet, barn door, and a separate custom closet with new built-ins and a dressing area. Downstairs, the fully finished basement has 9-foot ceilings, brand-new luxury vinyl plank flooring, a remodeled 3/4 bath, three spacious bedrooms with walk-in closets, and a massive rec room with a full wet bar, complete with a refrigerator, microwave, and dishwasher. The home sits on a level lot with a fully fenced low-maintenance back yard, backing onto open space for added privacy. The custom closet in the primary retreat could also be converted into a second bedroom on the main level, making a total of five bedrooms. Loaded with upgrades, this home offers access to neighborhood trails, parks, a dog park, a pond with a gazebo, and seasonal concerts in the park!
Source: PPMLS #2773133
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #2773133
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: #2773133
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.