8713 Stony Creek Dr, Colorado Springs, CO 80924
5 beds · 4 baths · 3,526 sqft sqft
Awww Yeaaah! This is the ONE! Spacious Wolf Ranch 2 story built by Vantage Homes is dialed in and ready for YOU! You're going to LOVE the way this one flows and how the natural light spills into the home (not the beer, silly!)! Tons of square footage with 5 bedrooms, 3.5 bathrooms, a 3 car garage, and a full finished basement means you can bring the whole crew! Unleash your inner Gordon Ramsay and enjoy cookin' in the brilliant kitchen/eat in area with a "dang that's big" sized island and a plethora of cabinetry to stow away all the things. "Bring on the hardwoods"! Real oak flooring brings a warmth to the entry and kitchen areas that you can't get otherwise. If you didn't enjoy the expansive patio in the rear yard to enjoy the warm summer night, you could mosey on over to the main level family room. It's PERFECT for chillin' and bingin' your favorite shows next to the fire after dinner. Flip that fireplace switch and-BOOM-instant romance! You'll be tuckered from all that cooking and binging. Head to the upper level to get your slumber! Owner's en-suite retreat (5 piece bathroom with tile flooring) is HUUGE and could basically accommodate any configuration of bedroom set you can throw at it! Double closets means room for the sweet duds-2 perfectly sized secondary bedrooms and a shared bathroom round it out upstairs. Head back down that super cool tandem access staircase and around the corner to get to the basement. You'll thoroughly appreciate the 2 bedrooms split by a full bath and the bar! The gamer or basement band members in your life are getting stoked for this basement space. Or, maybe those friends or family members you haven't seen in a long time-you should invite them now since you'll have the room! It's possible they COULD get TOO comfy here! New carpet in basement (Aug)-new roof in Jan 24-The only thing missing is you! Desirable location with easy access to Research, Powers, and all the amenities you deserve! Call your agent and get on over here today!
Source: PPMLS #5407339
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #5407339
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: #5407339
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.