8318 Freestar Way, Colorado Springs, CO 80925
4 beds · 2 baths · 1,637 sqft sqft
This beautifully maintained home is a rare find in a prime location, offering an open and bright floor plan designed for both comfort and privacy. The property features 4 bedrooms, 2 bathrooms. The oversized 2-car garage provides ample space for storage or hobbies. As you approach the home, you’ll be greeted by a spacious covered front porch, perfect for relaxing with a morning coffee. Inside, the living room welcomes you with soaring cathedral ceilings and a cozy gas log fireplace, seamlessly flowing into the open kitchen and dining area with beautiful hardwood floors. The kitchen includes a breakfast bar and sliding doors that lead to a large rear concrete patio, perfect for BBQs and family gatherings. The fenced, low-maintenance yard with playset and storage shed is beautifully landscaped, offering the perfect space for outdoor enjoyment. A few steps up from the main level, you’ll find the serene master suite, a second bedroom, and a full bathroom. This thoughtful layout ensures that everyone in the home has their own space to retreat to. The lower level of the home is designed for functionality and comfort, featuring a comfortable family room, a bathroom, a laundry room, and a broad hallway. Two additional bedrooms in basement are ideal for teenagers or guests who value their own private spaces. Convenience is key with this property, as it is located just minutes from shopping, dining, and major military installations including Ft. Carson, Peterson, and Schriever Air Force Bases. Access to Interstate 25 is quick and easy, and the home comes with the added benefit of low HOA dues. Move-in ready, this home includes all appliances, a washer and dryer, and central air conditioning to keep you comfortable year-round. Don’t miss out on this exceptional opportunity to own a home that perfectly balances style, comfort, and location!
Source: PPMLS #6397664
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #6397664
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: #6397664
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.