1414 Martin Dr Colorado Springs, CO 80915
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About this home
Beautifully Remodeled Home with Stunning Mountain Views! Nestled on a charming, tree-lined street, this wonderfully updated home blends timeless character with modern style! The bright, open main level features a stunning kitchen with white cabinetry, quartz countertops, gas stove, stainless steel appliances—including a new matte black refrigerator—and stylish brick and shiplap accents! Plantation shutters, refinished hardwood floors and neutral, inviting colors create a warm, welcoming feel! From the Kitchen, Dining Room and Backyard, enjoy Breathtaking, Unobstructed Views of Pikes Peak! With no rear neighbors and backing to a school, privacy and views are unmatched! The spacious, fully fenced backyard with rear gate access is perfect for entertaining, summer BBQs, pets or simply soaking in Colorado’s fresh air! Upstairs offers a serene primary bedroom, guest room, and updated full bathroom! The lower level adds versatility with a third bedroom (ideal as a home office, game room, or playroom), a generous second living space, laundry (washer & dryer included) and an updated second bathroom! Major updates include a New Furnace and AC (2024), New Roof (2022), Newer Water Heater (2020), New Windows with built-in doggie door, Gutter Guards and Radon mitigation system! Additional features include Xeriscape front yard, ADT security system with Google doorbell, and front and rear cameras! With its stylish modern finishes, thoughtful upgrades, and Move-In Ready condition, this home has it all! Schedule your showing today—WELCOME HOME
Source: PPMLS #6408438
Neighborhood
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FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.