Manitou Springs
Assumable Mortgages

Manitou Springs sits at the base of Pikes Peak, just west of Colorado Springs. Inventory here is tight, homes hold value, and the historic district draws buyers who want walkable access to the Incline, Garden of the Gods, and the downtown arts scene. When an assumable FHA or VA loan comes to market in Manitou, it tends to move quickly.

For buyers, assuming a loan locked in during 2020 to 2022 means paying today's market price on the home while keeping yesterday's rate on the mortgage. On a typical Manitou Springs home with $350,000 left on the note, the gap between a 3% assumable and 6.9% conventional financing can run $700 to $1,000 per month. That is real money back in your pocket every month for the life of the loan.

The catch: only FHA and VA loans are assumable, and Manitou's inventory is small. If you want one of these homes, you need to be ready to move when a listing hits. Get on the notification list below and we will flag new assumable listings the day they come up.