4405 Kashmire Dr Colorado Springs, CO 80920
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About this home
Beautiful 5 bedroom 3 full bath ranch home on corner lot. The inviting covered front porch welcomes you in to this great home with vaulted ceilings. Gorgeous open kitchen was updated in 2019 and includes granite counters, all stainless appliances, wood floors, island, pantry and walkout to backyard.. The dining area is open to the kitchen with 2-sided gas stone fireplace, built-ins and wood floors. The living room is open with stone fireplace and wood floors. There are 3 bedrooms on the main level, including the primary bedroom which has an attached 5-piece bath which includes free standing shower, tub, dual vanities with granite counters and walk-in closet The laundry is also on the main level and washer & dryer are included. Downstairs is a large, open rec room and 2 more bedrooms and a full bath. There is a large storage room to hold all those storage items. The home has central a/c, a humidifier, new roof (2024), newer carpets (2021), updated baths (2020) and new interior paint (2022-2023). The garage has a workshop area. Outside in the fenced backyard is a concrete patio, fire pit, garden area, storage shed and trees for shade, privacy and relaxation. Home is in award winning School District 20 and is close to schools, shopping, hospitals, playgrounds, military bases. This beautiful home is in great condition, just move in and enjoy!
Source: PPMLS #7550476
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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.