9252 Winford Ct, Colorado Springs, CO 80927
4 beds · 4 baths · 2,302 sqft
Welcome home to this charming four bedroom, three and a half bath home in Banning Lewis Ranch! This home greets you with a generous sized living room with tons of natural light, a spacious kitchen with stone countertops, and a main level powder bathroom. Upstairs contains three of the four bedrooms starting with a spacious primary bedroom with an on-suite bathroom that comes fully equipped with a double sink vanity, beautiful black stone countertops, and a large shower! Also upstairs, you will get two more great sized bedrooms and a full bath! In the basement, you get a large bonus room that serves as a fourth bedroom and another full bathroom! Retreat away to your spacious backyard that comes fully equipped for the entire family! This back yard contains a large stone patio, generously sized pergola, firepit, and in ground trampoline. Now, the best part of this home is the location. The Banning Lewis Ranch area is perfectly situated by many parks including Bungalows Park, Iron Smith Park, Cedar Edge Park, and Vista Dog Park, just to name a few! This property also comes with access to the Banning Lewis Ranch Recreation Center that comes equipped with a gym and pool! You are conveniently located right next to Inspiration View Elementary, Skyview Middle School, Banning Lewis Ranch Academy, and Vista Ridge High School. This property gives you easy access to all the shopping and restaurants that Powers and Woodmen have to offer. Don't miss out on this wonderful property in the Banning Lewis Ranch community!
Source: PPMLS #9803097
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #9803097
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: #9803097
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