8240 Freemantle Dr, Colorado Springs, CO 80920
3 beds · 2 baths · 1,511 sqft sqft
Discover this DISTRICT 20 home in BRIARGATE, move-in ready. Ample SPACE with 3 bedrooms, 1.5 baths, and a spacious 2-car garage, all set against the backdrop of breathtaking, UNOBSTRUCTED VIEWS of PIKES PEAK and the surrounding MOUNTAINS. This property also boasts a XTRA LARGE fenced backyard with greenspace and a WALKING TRAIL behind. Step into the CHARMING living room, highlighted by dramatic SOARING CEILINGS, an upper-level BALCONY, and warm HARDWOOD FLOORING that seamlessly extends into the dining area. This space is perfect for family meals and entertaining while enjoying the spectacular mountain vistas through almost every room of the home. A conveniently located powder room is tucked between the living and dining rooms. The kitchen is a perfect space and open to the family room. Granite tile countertops, CUSTOM CHERRY/MAPLE cabinets, a custom TRAVERTINE backsplash, a COUNTER BAR, a walk-in pantry, and tile flooring. All appliances are included, with a brand NEW REFRIGERATOR. Adjacent to the kitchen, the COZY FMAILY room offers hardwood floors and a WOOD BURNING fireplace, perfect for chilly winter days. This room provides access to the back patio and yard, ideal for OUTDOOR LIVING. The upper level hosts 3 bedrooms, a full bath, and a laundry area. The full bath, accessible from both the master bedroom and the hallway, features a double vanity with a granite countertop and skylight. Enjoy endless fun in the expansive, fenced backyard with greenspace beyond. The SPACIOUS PATIO is perfect for relaxing and entertaining while admiring the MAJESTIC mountain VIEWS. With no HOA and RV parking available, this beautiful home is a must-see! Schedule your visit today!
Source: PPMLS #7206100
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #7206100
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: #7206100
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.