4624 Saddle Ridge Dr, Colorado Springs, CO 80922
5 beds · 4 baths · 2,882 sqft sqft
Great 2 story home with finished basement in a Great central Location. Newly renovated with new interior paint, carpet, windows, blinds, refinished hardwood floors. Call this Move-in ready house your home today. Walk up the front steps to the attractive front porch and enter into the open floor plan with coat closet, formal living room and dining room running the length of the left side of the home with vaulted ceilings and lots of windows for natural light. From the dining room, walk into the kitchen with natural hardwood floors, lots of counter space and cabinets with eat-in space, breakfast bar, and walk out to big back stamped concrete patio and fully fenced & Xeriscaped yard. Back inside find the cozy family room with gas fireplace tucked behind the kitchen with hallway to half bath, coat closet, laundry space, and 2 car oversized garage. Walk up the stairs to the centrally located loft space with 3 extra bedrooms, hallway bath, and primary retreat. Primary retreat has vaulted ceilings and extra sitting space, spacious walk-in closet, and 5 piece ensuite bathroom with soaking tub. Walk down the stairs to the finished basement perfect for entertaining with wetbar area, bonus room, large 5th bedroom, full bathroom, HVAC storage room, and your very own personal sauna to warm the bones and soul during the chilly winter months. Home has A/C and ceiling fans throughout, and 2 year old water heater and 5 year old roof. Located along the Powers' corridor, this is home is central to everything - shopping, military bases, schools, entertainment, hospitals, and more. Don't wait to book your showing. Call this house your HOME today!
Source: PPMLS #9504819
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #9504819
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: #9504819
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.