8387 Snow Cap Vw Colorado Springs, CO 80920
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About this home
This cute and quaint ranch-style home offers great curb appeal with a welcoming front patio and sits in a peaceful Briargate neighborhood. Inside, an open-concept layout showcases beautiful laminate wood flooring and tons of natural light throughout the main level, seamlessly connecting the living room, kitchen, and dining area. The living room features a cozy gas fireplace—ideal for relaxing or hosting gatherings. The kitchen is equipped with granite countertops, stainless steel appliances, and ample cabinetry, while the adjacent dining area opens to a charming covered patio—perfect for outdoor dining, morning coffee, or evening conversation. The spacious primary suite offers a peaceful retreat with an ensuite bathroom that includes dual vanities, a soaking tub, a separate shower, and a large walk-in closet. On the opposite side of the home, you’ll find a guest bedroom, full bathroom, and a convenient laundry room. Downstairs, the fully finished basement is a true extension of your living space—featuring a large open area with a bar, perfect for game nights, movie marathons, or entertaining friends and family. There’s also a flexible room that could serve as a home gym, office, or hobby space, along with an additional guest bedroom and full bathroom. With a two-car garage and a location near parks, trails, schools, shopping, and more, this home blends charm, comfort, and versatile living in one of Briargate’s most desirable areas.
Source: PPMLS #9756152
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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.