Assumable Mortgages in Colorado Springs, Colorado
Home to Fort Carson and NORAD, Colorado Springs has a strong military community with many VA assumable loans available. With median home prices rising, the savings from assuming a low-rate mortgage are significant for buyers in the Springs.
Current assumable rates in Colorado Springs average 4.76%. That means buyers could save approximately $684/month compared to new mortgages at 6.5%.
829+
Assumable Listings
4.76%
Average Assumable Rate
$684/mo
Average Savings vs Market
Why Colorado Springs for Assumable Mortgages
- Strong military presence with many VA loan borrowers. Fort Carson and NORAD create steady VA assumable inventory
- One of Colorado's fastest growing cities with rising demand for affordable homeownership
- Many FHA assumable mortgages accessible to first-time buyers with minimal qualification
- Assuming a loan at 2.75% vs current 6.5% rates saves $800+ per month on a typical home
Featured Colorado Springs Listings
How Assumable Mortgages Work in Colorado Springs
What is an assumable mortgage?
An assumable mortgage lets a buyer take over the seller's existing loan at the original interest rate. You pay the seller for their equity and assume the remaining balance.
Why Colorado Springs buyers benefit
With current rates around 6.5%, assuming a loan at 2-3% saves hundreds of dollars per month. On a $400,000 home, that is $800-$1,200 in monthly savings.
FHA and VA loans
Colorado Springs has significant FHA and VA assumable inventory thanks to its military community. VA loans can also be assumed by non-veterans in many cases.
Get qualified
Lenders verify income, credit, and ability to assume the loan. The process is typically faster than a traditional mortgage application.
Typical Colorado Springs Savings Example
Home Price
$475,000
New Mortgage at 6.5%
$3,089/month
Assumable at 2.75%
$1,927/month
Your Monthly Savings
$1,162/month
That's $13,944 per year
Colorado Springs Real Estate Market
Colorado Springs has experienced steady growth over the past decade, driven by military installations, a thriving tech sector, and quality of life that attracts families from across the country.
The median home price in Colorado Springs is around $475,000, with properties ranging from starter homes near Peterson Space Force Base to mountain-view estates in the Broadmoor area. Many established neighborhoods feature homes with assumable mortgages at rates well below current market conditions.
Learn more about The Assumable Guy's processColorado Springs Real Estate Insights
FHA Assumable Mortgage Colorado Springs 2026: Rates, Process & How to Qualify
Assuming a seller's 2.65% FHA loan in Colorado Springs saves about $564 a month over a new loan at 6.5%, and this guide covers the rates, the process, and how to qualify.
7/7/2026
How to Find Assumable Mortgage Homes in Colorado Springs: A Step-by-Step Guide for 2026
A practical step-by-step guide to finding assumable FHA and VA mortgage homes in Colorado Springs, CO in 2026. Save $900-$1,200/month with the right loan.
6/5/2026
USAA Assumable Mortgage Guide: How to Assume a USAA VA Loan
USAA VA loans are fully assumable. Here's exactly how to assume a USAA mortgage, what it costs, and what military buyers in Colorado Springs need to know.
10/3/2026
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