8850 Bittercress Dr, Colorado Springs, CO 80925
4 beds · 3 baths · 2,026 sqft
Welcome to this 4 bedroom, 3 bathroom, 2 story Aspen View home —where comfort, functionality, and mountain views come together in perfect harmony. This well-maintained home has thoughtful upgrades, including a brand-new roof installed in Nov 2024, a recently serviced furnace, and a whole-home water filtration system. Step inside to find a bright entry with wood laminate flooring leading to a dedicated office with French doors and cozy carpeting. The open-concept living room offers built-in 5.1 surround sound, and CAT 6 wiring throughout, making it perfect for entertainment or relaxation. The dining area flows seamlessly into a modern kitchen with quartz countertops, stainless appliances including gas range, large single-basin sink, and white cabinetry—all under sleek in-ceiling lighting. A convenient half bath, large pantry closet, and additional storage closet are just off the kitchen. Walk out to a beautifully designed backyard oasis featuring 20x40 stamped concrete, a pergola with adjustable shade panels, pre-wiring for a hot tub, and a gas line ready for outdoor cooking. Enjoy gardening in raised beds with berries, veggies, and flowers, all with direct access to a 60-ft easement with walking trails and unobstructed Pikes Peak views beyond open farmland. Upstairs, you’ll find four generously sized bedrooms, a small loft, and a laundry room complete with washer, dryer, and a whole-house fan. The luxurious primary suite includes a spacious walk-in closet and a private en-suite bath with quartz double vanity, deep soaking tub, and walk-in shower with custom tile surround. Additional highlights include crawl space with vapor barrier, and an epoxy-coated garage floor with built-in shelving and cabinetry. and zero-scaped front yard with rose bushes and a covered porch. This home combines style, efficiency, and tranquility in a truly unbeatable setting. Close to shopping, dining, neighborhood park just down the street, and fast commute to all military installations!
Source: PPMLS #1948851
Source: PPMLS #1948851
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.