9127 Wolf Lake Dr, Colorado Springs, CO 80924
3 beds · 3 baths · 3,313 sqft
Luxury Paired Patio Home in the Heart of Wolf Ranch, and a Classic Homes former model. This open floor plan features a gourmet kitchen with rich maple cabinets, sleek quartz countertops, a gas cooktop, and an island with a sink, all stainless steel appliances are included, and a pantry. The formal dining room is ideal for elegant gatherings, while the family room provides an open retreat with a fireplace. A versatile second dining area or additional family room includes a fireplace with walkout access to the covered patio and backyard, giving you the perfect place for everyday living. The serene master bedroom boasts a walk-in closet and an en-suite bathroom with stunning quartz counters. The main floor includes high-quality hardwood floors and Plantation shadows. The finished basement extends your living space with tall ceilings and a spacious recreation room with a stylish wet bar, perfect for entertaining. This level also includes two generously sized bedrooms with three walk-in closets, a full bathroom featuring quartz countertops, and additional storage. The home has a convenient main-floor laundry room and a 3-car tandem garage. Enjoy outdoor living from the covered patio, which includes a gas line, iron-fencing, and gate; It backs onto an open space with hiking and biking trails. This is a maintenance-free home, with all exterior upkeep managed by the HOA. The roof was replaced in 2023. Convenient location to Schools District 20, Hospitals, Shopping, Restaurants, the Air Force Academy, and other Military bases.
Source: PPMLS #3435387
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #3435387
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: #3435387
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.