16955 Sage Lake Ct Peyton, CO 80831
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About this home
Discover your dream horse property in Peyton, Colorado! Welcome to this breathtaking 5-acre equestrian haven, perfectly situated with panoramic views of the majestic Pikes Peak! This charming home features 4 spacious bedrooms, 2 bathrooms, and an oversized 2 car attached garage; all providing ample space for family and guests. Step inside to find an efficiently laid out kitchen that seamlessly flows into a dual living room and family area - ideal for entertaining. On the floor plan's south side you will find three good-sized bedrooms along with a shared bath. The primary bedroom is on the opposite end of the home's footprint and has an impressive, adjacent walk-in closet with ample storage. The expansive outdoor space is perfect for horse lovers, complete with fenced pastures and plenty of room for riding and training. Nestled in a serene location, this property offers the perfect blend of rural tranquility and easy access to local amenities including convenient nearby shopping in Falcon less than 10 minutes away. Enjoy the best of both these worlds with additional nearby hiking trails, parks, and a welcoming community atmosphere. Don’t miss out on this incredible opportunity to own a slice of Colorado paradise!
Source: PPMLS #4224071
Neighborhood
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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.