6532 Sugarberry Ln, Colorado Springs, CO 80927
5 beds · 4 baths · 2,609 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This beautifully maintained home offers 5 bedrooms, 4 bathrooms, an oversized 2-car garage, on a large corner lot, perfectly designed for comfort and functionality. Step inside from the charming covered front porch and be welcomed by a bright living space with a coffered ceiling, and a cozy stone gas fireplace. New hardwood flooring adds warmth and elegance to the main level living and dining areas. The kitchen features 42" cabinetry with granite countertops, and all appliances included. A spacious island and pantry add convenience, and the adjacent dining area opens to a covered patio—ideal for relaxing or entertaining. Main-level laundry adds extra ease to your routine. Upstairs, enjoy a generous loft and a spacious primary suite with abundant natural light and a luxurious ensuite bath with high counters, dual sinks, oversized walk-in shower with mosaic tile, and walk-in closet. Two additional bedrooms with walk-in closets and a full hall bath complete the upper level. The finished basement offers even more space, including a rec or family room, two bedrooms, a full bath, and extra storage with a large walk-in closet. Thoughtful upgrades include 2x6 construction, 9-foot ceilings on the main and basement levels, central A/C, central vacuum system, radon mitigation, and a finished, insulated garage with keypad entry. Located in the award-winning, master-planned community of Banning Lewis Ranch, residents enjoy top-rated Banning Lewis Academy schools, abundant parks and trails, a heated pool, Vista Water Park, fitness center, tennis and pickle ball courts, and a dog park. Enjoy Food Truck Thursdays, seasonal farmers markets, and a summer concert series—all just steps from home. Close to schools, shopping, dining, entertainment, and Peterson Space Force Base—this is more than a home, it’s a lifestyle. Schedule your private showing today!
Source: PPMLS #6589019
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 #6589019
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 and Equal Opportunity Act.