824 Yellow Jasper Pt, Colorado Springs, CO 80921
3 beds · 3 baths · 2,499 sqft
Welcome to your dream home! This spacious 3-bedroom, 3-bathroom Ranch Style Townhome boasts a generous layout perfect for relaxation and entertainment. The main level has extensive gleaming hardwood floors. Your Gourmet kitchen has stunning granite counters, stainless Steel Appliances, a 5 burner Gas Range, a breakfast bar, and a gorgeous tile backsplash. The inviting dining nook features beautiful wood flooring, creating a warm and welcoming atmosphere for meals and gatherings. Imagine stepping into your expansive double outdoor patio area, a true extension of your living space. This beautifully designed outdoor oasis offers ample room for relaxation and entertainment, perfect for hosting gatherings or enjoying quiet moments. Your luxurious private Primary Suite, a serene retreat designed for comfort and style. This spacious sanctuary features a generously sized walk-in closet, providing ample storage and organization for all your wardrobe needs. The en-suite bathroom is a true highlight, showcasing elegant double sinks that offer convenience for busy mornings. The fully finished basement is the perfect place for extended entertaining with a spacious additional living area fully equip for hosting friends for a movie night or the BIG GAME. In addition to the expansive common area, the basement features two additional bedrooms, making it ideal for guests. Award winning Academy Dist. 20 schools, easy access to I-25, shopping, restaurants and so much more. Live the Northgate lifestyle! This home combines comfort and style, making it a perfect haven for modern living. Don’t miss the opportunity to make it yours!
Source: RECO #6365691
Source: RECO #6365691
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
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 “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.
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 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.
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