4212 Sandberg Dr, Colorado Springs, CO 80911
4 beds · 2 baths · 1,824 sqft sqft
Step into this fantastic home in the perfect location and be prepared to feel right at home. With 4 Bedrooms, 2 Bathrooms, an oversized garage, a living room, and a family room, this home is a true gem. At more than a quarter acre, the yard is perfect for pets, chickens, a huge garden, entertaining, and has enough space on the side of the house to drive through to the backyard! The primary bedroom features a nice-sized closet, a connecting bathroom, and plenty of natural light. The lower level includes a large family room with a wood-burning brick fireplace. The kitchen is set up perfectly. Complete with a farmhouse-style sink and roll-out window, newer appliances, a super-duty garbage disposal, a spacious pantry, and more for you to discover. With a large picture window overlooking the backyard and plenty of space for a kitchen table and chairs, this could be everyone’s favorite room in the house. Other improvements include a roof replacement in 2024, Anderson windows throughout, top down/bottom up cordless cellular shades, a great washer and dryer, 3 ceiling fans, LED lights throughout, and dual flush toilets. Located within a 15-minute drive, there are plenty of amenities to enjoy, including large parks, walking trails, a public library, a wide variety of restaurants, as well as grocery stores. Easy access to several military installations. Don't miss the chance to own this amazing home with everything you’ve been looking for.
Source: PPMLS #8350961
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #8350961
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: #8350961
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.