6540 Leesburg Rd Colorado Springs, CO 80922
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About this home
CUSTOM BUILT HOME WITH AMAZING UPGRADES IN 2023, THE SUPER EFFICIENT ACTIVE SOLAR SYSTEM MEANS VERY LOW ELECTRIC BILLS, BEAUTIFUL REMODELED KITCHEN WITH CUSTOM HAMMERED COPPER SINK AND COPPER-TONED BACKSPLASH, GRANITE COUNTERS AND TILE FLOORS, THE KITCHEN FAUCET IS A DESIGNER GOURMET AMENITY, UPGRADED LIGHT FIXTURES IN MANY AREAS OF THE HOME, QUALITY HARDWOOD FLOORS ON THE MAIN LEVEL AND BOTH UPPER AND LOWER STAIRWAYS, WROUGHT-IRON STAIR HANDRAILS, THE TANKLESS WATER HEATER IS COMPLIMENTED WITH THE HEAT PUMP FOR BOTH COOLING AND HEATING IN ADDITION TO THE GAS FURNACE, NEW WINDOWS AND SLIDING GLASS DOORS REPLACE ALL ORIGINAL WINDOWS, THE LARGE MASTER SUITE FEATURES A WALK-IN CLOSET, DOUBLE VANITY AND NEW UPGRADED SHOWER, THE EXTERIOR IS LOW MAINTENANCE STUCCO AND BRICK, THE SOUTH FACING DRIVEWAY MAKES SHOVELING SNOW ALMOST UNNECESSARY, FOUR BEDROOMS PROVIDE FOR ANY REQUIRED SLEEPING ARRANGEMENT OR OFFICE/CRAFTS AREA, THERE IS A LARGE FORMAL LIVING ROOM PLUS A MAIN LEVEL FAMILY ROOM WITH GAS FIREPLACE AND A LOWER LEVEL REC/GAME ROOM, THE HOME IS ALSO EQUIPPED WITH AN ACTIVE RADON MITIGATION SYSTEM, THE LANDSCAPED YARD FEATURES MATURE TREES AND SHRUBS WITH TOTAL REAR YARD PRIVACY AND NEW FENCING AS NEEDED, THE LOCATION IS PERFECT FOR ACCESS TO DOWNTOWN OR THE MILITARY FACILITES NORTH, EAST OR SOUTH. HIGH SPEED INTERNET AVAILABLE
Source: PPMLS #8680830
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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.