9014 Vanderwood Rd, Colorado Springs, CO 80908
4 beds · 3 baths · 2,756 sqft
Get a free consultation call with an expert in the mortgage assumption process.
From the moment you step inside this stunning two-story home, you’ll feel an undeniable sense of comfort, space, and possibility. Offering 4 large bedrooms, 3 baths, a spacious loft, and a versatile main-level flex space, this home was designed with both function and luxury in mind. As you enter the home, a generous flex space greets you, providing endless possibilities. The open-concept layout ushers you into the gourmet kitchen that effortlessly flows to the dining area and family room. The kitchen is a chef’s dream, complete with stainless steel appliances, ample counter space, and a generous island—perfect for gathering around with friends and family. Upstairs, you’ll find all four bedrooms, thoughtfully designed for comfort and privacy. The primary suite is a true retreat, featuring an expansive walk-in closet and a spa-like 5-piece bath with dual vanities, a luxurious soaking tub, and a separate shower—a perfect escape at the end of the day. The three additional bedrooms are impressive as well, each offering ample closet space to keep everything organized. The loft is a fantastic bonus space—ideal for a playroom, media area, or quiet reading nook. And with the laundry room conveniently located upstairs, chores become that much easier. Outside, the oversized backyard is ready to be enjoyed. The newly extended covered patio provides the perfect setting for outdoor dining, weekend barbecues, or simply unwinding in the fresh air. For those who need extra storage and parking, the three-car tandem garage is a game-changer. With overhead storage to keep things tidy and enough space to accommodate even the largest trucks and toys, this garage is as functional as it is spacious. Additional upgrades include a brand-new roof, fresh exterior paint, and plush new carpet in the family room—making this home completely move-in ready.
Source: RECO #1629747
All values shown are estimated costs / mo.
Source: Public records
Source: RECO #1629747
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.
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