4145 Sudbury Rd, Colorado Springs, CO 80908
4 beds · 3 baths · 2,616 sqft sqft
NO HOA! Experience unparalleled peace and tranquility in this exceptional home, perfectly positioned on a generously sized lot of just over half an acre. Grandfathered into a no-HOA status, it is one of only two homes in the subdivision allowed to have a privacy fence—ideal for accommodating animals and enhancing your outdoor living experience and no HOA fees. The large, open floor plan showcases elegant hardwood flooring that flows seamlessly throughout the main living areas, creating a bright and inviting atmosphere. At the heart of the home is the beautiful kitchen, featuring stunning granite countertops, updated stainless steel appliances, and an abundance of cabinetry with elegant crown molding. The adjacent dining area opens directly onto a spacious deck, perfect for al fresco dining and entertaining. The main floor includes two well-appointed bedrooms, including a spacious primary suite with a cozy fireplace, picturesque views of the surrounding scenery, and a five-piece ensuite bathroom with a walk-in closet. The full basement, newly remodeled this year, offers expansive recreation space, two additional bedrooms, and a beautifully updated bathroom. Outdoor enthusiasts will appreciate the thoughtfully designed exterior amenities, including an RV gate with a rock base, raised garden beds, and an outdoor shop equipped with electricity, spray foam insulation, and drywall. Enjoy memorable evenings by the gas firepit, nestled under the pines, where you can relax and stargaze in your private outdoor oasis. With its convenient location offering easy access to both Denver and Colorado Springs, this home blends peaceful living with the convenience of nearby amenities. Truly a show-stopper!
Source: PPMLS #3730166
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #3730166
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #3730166
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.