7428 Sandy Springs Pt, Fountain, CO 80817
2 beds · 3 baths · 1,256 sqft

Get a free consultation call with an expert in the mortgage assumption process.
Enjoy the added assurance of New A/C & Furnace (2025), and freshly cleaned air ducts. Lovely home with so many updates! This home has a feel of tranquility due to the meticulous attention given to all the details. Main level living contains room/dining room combo, kitchen with all newer appliances with pass through to dining room, half bath with additional storage. Flooring on main level is luxury vinyl. The kitchen includes all new cabinets, granite, custom tile work, black stainless appliances. Upstairs you will be delighted with the spacious primary bedroom with adjoining bath that features double vanity, walk-in closet, and tub/shower. Check out the lovely light fixture/fan/chandelier! Large second bedroom and laundry area on the upper level as well. All bathrooms have new vanities, custom tile flooring, quartz countertops, and stylish mirrors. The washer & Dryer remain with the home. The 2-bay garage has extra space for storage and get-togethers: all walls have been painted and extra insulation has been added. There are walking trials right outside your front door, as well as parks that are close by. There's a ton of shops and restaurants in the general area. Conveniently located close to I-25, an easy drive to Fort Carson, Peterson, and Schriever AFB.
Source: PPMLS #2463190
All values shown are estimated costs / mo.
Source: Public records
Source: PPMLS #2463190
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.
