7352 Cracker Jack Hts, Colorado Springs, CO 80922
2 beds · 3 baths · 1,792 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Modern urban lifestyle home with designer upgrades with possible assumable! Award winning Classic home located in the Midtown Collection at Hannah Ridge. A beautiful 3-story with a 2 car garage offering an open concept main floor living space including a deck off the living room along with a kitchen featuring designer white cabinets with crown molding, quartz countertops along with stainless steel appliances with a gas range. Enjoy entertaining or just relaxing in this great space. The home offers a lower level flex room that can be used as a 3rd bedroom, office, rec area, home gym...so many possibilities. Need a place for your pet to get outside, no worries. Make full use of the fenced side yard or the nearby dog park. This home is close to shopping, restaurants, Peterson AFB, Schriever AFB and offers quick access to Powers Blvd, Marksheffel and Highway 24 for a fast commute anywhere. A great place to call home.
Source: PPMLS #7964826
Source: PPMLS #7964826
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.