Assumable Mortgage Homes for Sale in Security-Widefield CO: What Buyers Need to Know in 2026

Security-Widefield is one of the most overlooked buying opportunities on the Colorado Springs metro map. It's south of the city, close to Fort Carson, and priced below comparable neighborhoods in the Springs proper. It also has a high concentration of FHA and VA loans from 2020-2022, which means a higher-than-average share of active listings have assumable mortgages attached.

A buyer who assumed a 2.875% FHA loan on a $295,000 Security-Widefield home is paying $1,223/month on principal and interest. At today's 6.875% rate, that same balance costs $1,938/month. That's $715 less every month, $8,580 a year, for the same house.

Why Security-Widefield Has Strong Assumable Inventory

The community sits directly between Colorado Springs and Fort Carson, which makes it a natural landing spot for military families. VA loans dominate military home purchases, and Security-Widefield has accumulated significant VA inventory from the 2020-2022 buying wave.

FHA loans are also well-represented. Security-Widefield attracts first-time buyers who want more home for their money without paying Colorado Springs city premiums. FHA loans were the primary financing tool for first-time buyers in that price range during the low-rate era.

Both loan types are assumable. When those original owners sell, because of PCS orders, life changes, or moving up, the low-rate loan stays with the property. The next buyer can take it over.

The Payment Math at Current Prices

Security-Widefield homes typically sell in the $265,000-$375,000 range. Here's what assumption looks like across the range:

$265,000 assumed balance:

• At 2.75% FHA: $1,081/month P+I
• At 6.875% conventional: $1,740/month P+I
• Monthly savings: $659/month

$295,000 assumed balance:

• At 2.875% FHA: $1,223/month P+I
• At 6.875% conventional: $1,938/month P+I
• Monthly savings: $715/month

$340,000 assumed balance:

• At 3.00% VA: $1,434/month P+I
• At 6.875% conventional: $2,232/month P+I
• Monthly savings: $798/month

Those savings compound. Over 10 years, a $715/month advantage is $85,800 kept in your pocket.

What "Assumable" Means and How It Works

An assumable mortgage lets you step into the seller's loan. You don't take out a new mortgage, you take over the one that already exists, at the original rate, with the original terms. The only thing that changes is whose name is on it.

For FHA loans: you apply to assume through the loan servicer, not a bank. The servicer reviews your income, credit, and debt-to-income ratio. If you qualify, you take over the loan at the same rate the seller has been paying.

For VA loans: same process, but with one additional consideration. If you're not a veteran, you can still assume a VA loan, but the seller's VA entitlement remains tied to the property until the loan is paid off. Many VA sellers prefer buyers who are also veterans so their entitlement is restored at closing. Not all, but it comes up.

Handling the Equity Gap

Here's the math that catches buyers off guard: if the seller bought their Security-Widefield home in 2021 for $280,000 and it's now worth $330,000, their remaining loan balance is around $255,000. You're buying the home for $330,000. You need to cover the $75,000 difference.

That gap can be funded through:

• Cash at closing: cleanest option if you have the reserves
• Second mortgage: some lenders specialize in second mortgages for assumable equity gaps; your blended payment is still typically far below a new first mortgage at current rates
• Price negotiation: sellers sometimes accept less to enable a clean assumption, especially motivated sellers
• Seller carry: less common but the seller carries the equity difference as a private note

The equity gap is manageable in Security-Widefield because prices are lower than Colorado Springs proper. A $70,000-$90,000 gap on a $330,000 home is a different conversation than a $150,000 gap on a $600,000 home.

Finding Assumable Listings in Security-Widefield

Most platforms don't surface loan type in a way buyers can act on. The practical approach:

1. assumableguy.com: 1,300+ Colorado assumable listings, updated from real MLS data, filterable by location. Security-Widefield properties are included.
2. Ryan Thomson's team: actively identifies and markets FHA and VA inventory in El Paso County, including Security-Widefield.
3. An agent with assumption experience: ask them to pull FHA/VA listings from the Colorado Springs MLS and cross-reference with purchase dates from 2019-2022.

The competition on assumable listings in Security-Widefield is lower than on comparable conventional listings because most buyers don't know how to identify them. That's your edge.

The Timeline

Assumable transactions close in 45-90 days, with 60 days being a reasonable planning number. The pace is set by the servicer, not you, your agent, or the title company. Budget for the longer timeline when writing your contract, and make sure assumption-specific contingency language is included.

That timeline is a cost worth paying for $715+/month in savings that last for decades.

Who This Works For

Security-Widefield assumable mortgages are a strong fit for:

• Military families and veterans relocating near Fort Carson who prefer to own rather than rent
• First-time buyers who need affordable monthly payments to qualify
• Investors looking for positive cash flow from the rate advantage
• Buyers priced out of Colorado Springs proper who want newer or larger homes at lower payments

If you're currently renting in the Security-Widefield or Fountain area and doing the math on whether buying makes sense, run the numbers on an assumable loan before deciding a conventional mortgage is out of reach.

Browse Current Listings or Get in Touch

See what's currently available with assumable financing at assumableguy.com. Or reach out to Ryan Thomson directly to talk through your situation and whether assumption makes sense for your numbers.

Ryan Thomson | Keller Williams | assumableguy.com | Equal Housing Opportunity