13435 Cedarville Way Colorado Springs, CO 80921
Your savings
About this home
* Saddletree stunner tucked away in the Saratoga neighborhood within the coveted & prestigious Flying Horse community * You will sense the quality & craftsmanship as you enter this customized Monte Vista ranch-style home with an open floor plan & elevated ceilings built by Saddletree Homes – one of the most reputable & respected builders in the Pikes Peak region * Soft-close cabinetry * Gourmet kitchen with Wolf gas range + Subzero refrigerator + double ovens + walk-in pantry + slab granite * Updated lighting & paint colors for a clean & modern sensibility * Primary suite on the main level with 5-piece bath + spacious walk-in closet + slab granite * Main level laundry room with W/D included + bonus storage + utility sink * The 2nd main level bedroom has French doors plus an abundance of natural light – perfect for a dedicated office * Lower level is set up for maximum flexibility & fun with wet bar, mini-fridge, built in cabinetry, rec room / theater room, “electric blue” bonus room for crafts / hobbies / playroom / etc., plus a dedicated workout room with vinyl flooring (that could be easily converted / utilized as a 5th bedroom by adding a closet just to the left of the entry door as you walk in the room) * Central air conditioning + humidifier + radon mitigation system * Oversized 2-car garage is fully finished & has insulation throughout including the overhead door plus plenty of space for storage * Concrete patio for dining al fresco in the fully fenced (and walled in the rear) back yard with mature trees & landscaping plus just the right amount of lush green sod in the professionally landscaped yard with sprinkler system * Step out your front door and take a left & you are just steps away from Frog’s Leap Park! * Coveted D20 school district * Just a few minutes from the incredible dining, swimming pool, spa, tennis, fitness facilities, & golf at The Club at Flying Horse * ASSUMABLE LOAN *
Source: PPMLS #2937745
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.