VA loan
1 of 36
VA loan
$439,900

7692 Wichita Ridge Pt, Colorado Springs, CO 80923

4 beds · 3 baths · 2,622 sqft sqft

Welcome to luxury living at its finest in the prestigious Carriages at Indigo Ranch! This exceptional ranch-style townhouse offers 2,690 square feet of exquisite design and comfort, making it the perfect place to call home with a BRAND NEW ROOF! Step through the door and be greeted by the elegance of hardwood floors and the plush comfort of carpeting throughout. The open floor plan creates a seamless flow from the spacious living room, complete with a cozy fireplace, to the gourmet kitchen equipped with modern appliances and a convenient island for effortless entertaining. With four bedrooms, including two on the main level, and three bathrooms, there's plenty of room for family and guests to feel right at home. The master suite boasts a private en-suite bath, providing a serene retreat after a long day. Outside, a composite deck beckons you to enjoy the beautiful Colorado scenery and fresh air. And with a 2-car attached garage and a large basement, there's no shortage of storage or potential for additional living space. Conveniently located near District 49 schools, Penrose hospital, and a fire station, as well as a park, this property offers the perfect blend of convenience and luxury living. Plus, with the HOA handling landscaping, snow removal, and trash removal, you can spend more time enjoying your new home and less time on chores. Don't miss out on the opportunity to experience the ultimate in ranch-style living. Schedule your showing today and discover the beauty and comfort of the Carriages at Indigo Ranch!

Interest rate 3
3.94%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,542
With Roam
$2,045
Reduce your monthly payments by $503 when you assume this mortgage.
You also save $140,509 in total interest paid.

$158,394
Edit

You may be able to put down less than the total down payment amount of $158,394 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Lot size
0.0720 acres
Year built
2013
Type
Townhouse

Source: PPMLS #2658407

Loan
Remaining term
23 years, 3 months
Rate
3.94%
Monthly P&I
$1,542
Remaining loan balance
$281,505

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

expand content

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.

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Last updated: Nov 14, 2024 04:13 pm
Listing agent: Amanda Callender (719) 291-4513
Listing provided courtesy of: EXIT Realty DTC, Cherry Creek, Pikes Peak (303) 790-7200
Details provided by PPMLS and may not match the public record.
MLS ID: #2658407
The real estate listing information and related content displayed on this site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,542/mo
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