9078 Manse Grv, Colorado Springs, CO 80927
2 beds · 2 baths · 1,361 sqft
Get a free consultation call with an expert in the mortgage assumption process.
"The Retreat" in Banning Lewis Ranch is the ONLY ACTIVE 55 plus gated community in Colorado Springs. Enjoy active and community living in this spacious one level ranch home with 2 bedrooms and 2 full bathrooms. Open concept family room and gourmet kitchen with gas range/oven and another built-in convection/steam oven and microwave surrounded by a large granite island perfect for entertaining or bar seating. Separate laundry room with large area for storage, large 2 car garage. One of the largest fenced back-yards in the neighborhood with extended covered patio. Fenced backyard is ready for you to customize and apply your own personal touch ! Beautiful Flat Stone, river rock and mulch are already in place. Adding some trees and shrubs would definitely provide you with an incredible outdoor space for relaxing and entertaining. Your front yard is irrigated and maintained by the HOA. Several large windows in the home giving you much natural daylight. My favorite part of the home, the front porch...coffee in the morning looking directly at Pikes Peak, a great way to start the day! This community provides you with an abundance of activities within walking distance from your home surrounded by spectacular views of the Front Range and Pikes Peak. This community has an extensive amount of daily planned activities and events that are carefully planned by a full time staff of lifestyle directors. Our 10,000 sf clubhouse (The Barn) is home to a "state of the art" gym and movement studio with classes, a video gaming room with golf simulator and card table. Locker room, spacious living , dining area with gourmet kitchen for entertaining friends, family, or neighborhood events. Relax in the evening behind the Barn in the Hot Tub Spa or beach entry infinity pool at sunset with views of the Front Range. Need more activity... we have 8 pickle ball courts, 2 bocce ball courts, miles of walking trails and a huge dog park for your pups ! All within walking distance of your home !
Source: PPMLS #8406256
All values shown are estimated costs / mo.
Source: Public records
Source: PPMLS #8406256
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.
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.
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.
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.
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.
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.
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.