4208 Notch Trl, Colorado Springs, CO 80924
5 beds · 4 baths · 3,549 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This beautiful and spacious home is nestled in the desirable Cordera community. Easy commutes to military bases, shopping and restaurants make this the perfect place to call home! Entering the neighborhood you are surrounded by gorgeous mountain views! As you make your way into the entry of the home, you are greeted with beautiful wood flooring and a flex room that can be used for whatever you can dream up. Continuing through the entry, you will be in awe as you feel the sunlight coming through windows that are as sky-high as the ceilings. When you aren't up for the sunlight, you can close the plantation shutters or pull the custom floor to ceiling drapery. The windows up high have custom remote guided shades! You will also notice a mudroom that allows for drop space when entering the home from the garage, and a half bath. Speaking of the garage...come see the amount of storage space available! Larger vehicle? It fits! The kitchen in this home is thoughtfully laid out and is open to the living and dining room areas, making entertaining a breeze. Feel the luxury of a walk in pantry as you pass through the additional kitchen space, great for a butler's pantry, coffee bar or workspace. Modern appliances and stone counters finish off this heart of the home! As you make your way upstairs, you'll see plenty of space for all your needs. A bright open landing leads you to the primary suite where you can hide away after a long day. A soaking tub greets you upon entering the bathroom, while a large walk in closet allows for the space and organization you crave. Upstairs laundry provides convenience, while three more bedrooms and a full bathroom provide ample space for your family's needs. A fifth oversized bedroom can be found in the basement, as well as a full bathroom, family room space and large storage areas! Before you leave, make your way to the backyard to find a large patio and sizeable yard to enjoy!
Source: PPMLS #9006097
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: PPMLS #9006097
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.