Assumable Mortgage Homes for Sale in Colorado Springs, Colorado (CO)
Search active homes in Colorado Springs, CO with low-rate assumable FHA, VA, and USDA loans (2.25%–4.25%). Use our interactive equity gap and 2nd-loan calculator to slide your down payment, estimate local property taxes (El Paso Co. · 0.49%/yr), and get quotes from lenders serving Colorado Springs.
Shopping for a Sub-4% Home in Colorado Springs, CO?
Compare FHA/VA assumption pre-approval, 2nd-position equity gap financing, and daily alerts for newly listed sub-4% homes in Colorado Springs, CO.
Assumable Mortgage Scenarios in Colorado Springs & Colorado
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FHA 3.75% AssumableSave -$4,455/mo
VA 2.85% AssumableSave -$8,693/mo
VA 2.75% AssumableSave -$99,911/mo
VA 3.75% AssumableSave -$6,182/mo
VA 2.75% AssumableSave -$5,557/moFrequently Asked Questions: Assumable Loans in Colorado Springs, CO
Which loans are assumable in Colorado Springs, CO?
All government-insured FHA, VA, and USDA residential mortgages in Colorado Springsare assumable under federal guidelines, allowing a qualified buyer to take over the seller's interest rate and remaining loan balance.
How do Colorado Springs buyers finance the equity gap?
If a home in Colorado Springs is listed at $475,000 with a $315,000 assumable balance, the equity gap is $160,000. You can either bring cash or pair the 1st mortgage with a 2nd-position loan from participating Colorado Springs lenders so you only bring 5%–10% down.