9931 Antelope Ravine Dr, Colorado Springs, CO 80908
4 beds · 4 baths · 3,658 sqft
Skip the frustrations and added expenses of new construction with this beautifully updated home. Unlike a new build, where landscaping, fencing, and window coverings are often left to the homeowner, this residence is move-in ready and fully upgraded. Imagine relaxing outdoors on a beautiful afternoon under the existing awning, rather than facing the hassle of installation. From the meticulously chosen finishes to the thoughtfully designed spaces, this home presents a rare opportunity: a completely finished, turn-key property, ready to be your forever home. ************* This stunning home sits on a spacious lot exceeding a third of an acre, showcasing a beautifully landscaped yard both front and back, complete with a fire pit and an extended patio featuring two retractable awnings. Inside, natural wood accents throughout complement the chef's kitchen equipped with a gas range, double oven, microwave, and high-end refrigerator. The open-concept main level seamlessly integrates the living, dining, and kitchen areas, centered around a large island, while a dedicated office provides a private workspace. Upstairs, three bedrooms await, including a master suite with a luxurious five-piece bath. The finished basement offers a spacious family room or game room, fully loaded wet bar with plenty of room for seating and an additional bedroom, adding versatility to this exceptional property. Other notable features include Roman shades on the windows, a water feature in the front yard, an insulated garage with upgraded doors, an automated sprinkler system, and enhanced security with cameras and a smart system.
Source: PPMLS #6602851
Financials
Source: PPMLS #6602851
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.