2832 Namib Dr
Colorado Springs, CO 80939
5 beds · 4 baths · 3,373 sqft
$515,000
Get prequalifiedAbout this home
A charming five bed, three and a half bath located on a quiet cul-de-sac. Near Peterson Air Force Base, Fort Carson and shopping, with easy access to downtown. New carpet on main level and Basement has been installed. Four bedrooms on the second floor, with a master suite that includes a five piece bath and walk in closet. Laundry room is on the second floor as well, conveniently located near the bedrooms. There’s a cozy front sitting room on the main floor. The great room is perfect for entertaining! Stainless steel appliance in the kitchen complement the white quartz counter tops. There’s Kent’s of storage around the large island, a gas range and dishwasher. There’s even a well placed pantry next to the large refrigerator. Two car garage has plenty of room for your cars and storage. Once you walk in from the garage there’s a great nook for keys and mail. The front yard is landscaped with irrigation. Around the back, there’s a fully fenced yard with a patio, ready for your landscaping vision! The basement has a large family room, and a suite with a full bath. The separate equipment room has space for storage, a radon mitigation system and a switch for the whole home wired internet.
Source: PPMLS #7901572
5-year savings
Neighborhood
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.
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