882 Hoosier Dr, Colorado Springs, CO 80916
3 beds · 3 baths · 1,881 sqft sqft
Welcome in, to this 3 bed, 3 bath home, nestled in the heart of Colorado Springs. Set on a sprawling corner lot with lush mature trees, this property offers a retreat from the hustle and bustle! The main level welcomes you with inviting hardwood floors in the living and dining areas, creating warmth and charm. The kitchen features tile countertops and ample cabinetry, making meal preparation a delight. upstairs, discover a cozy sanctuary with three bedrooms, including a primary suite boasting an attached bath with a wonderful walk-in shower and a large walk-in closet. There is an additional shared bathroom upstairs. The lower level family room has a cozy wood burning fireplace to warm your soul on those cool Colorado nights. With new vinyl plank flooring, walk out access to the deck, and a large fenced bakyard, this space will amaze you! The basement has a room that is mostly finished and could be used as a bedroom, separate family room, or play room. Also in the basement is a large unfinished storage/utility room, providing endless possibilities. With an oversized 2-car garage, and breathtaking mountain views, this home is your perfect escape!
Source: PPMLS #9266320
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #9266320
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: #9266320
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.