4640 Endicott Dr, Colorado Springs, CO 80916
2 beds · 2 baths · 1,286 sqft
This charming home is a perfect blend of comfort and convenience. It features two spacious bedrooms and two bathrooms, each thoughtfully updated with high-quality tile, new paint, and modern fixtures. The main and upper levels showcase newer interior paint throughout and well-maintained wood plank flooring, adding warmth and character to the space. The living room is bright and inviting, with vaulted ceilings, track lighting, and a cozy wood-burning fireplace. It opens onto a west-facing lattice deck that leads to a generously sized backyard, making it ideal for outdoor entertaining. The kitchen is equipped with stainless steel appliances and flows seamlessly into the open-concept dining area. The backyard is further enhanced with a beautiful pergola, creating a serene space for relaxation or gatherings. The home also offers practical features, including a two-car garage, ample attic storage, and forced air heating for winter and central air conditioning for summer, ensuring year-round comfort. Located in a highly convenient area, this home is close to schools, public transit, shopping centers, restaurants, and more. Plus, it offers easy access to military bases like Fort Carson and Peterson Air Force Base. This property is a perfect blend of functionality, style, and location! Be sure to check out the virtual tour and then schedule your showing.
Source: PPMLS #8832145
Financials
Source: PPMLS #8832145
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.