2746 Cathedral Rock Vw Colorado Springs, CO 80904
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About this home
Unobstructed, straight-on view of Pikes Peak and Garden of the Gods!!! This gorgeous custom-built ranch home on the ridge of the exclusive gated-community of Cathedral Ridge at Garden of the Gods is a show stopper! Main level living offers a Great Room w/ gas fireplace, laundry room, 1/2 bath, Gourmet kitchen w/ Taj Mahal quartzite countertops, counter-to-ceiling cabinetry, expansive island w/ seating, stainless steel appliances & under cabinet lighting. Primary Suite w/ generous walk-in closet, double-sided gas fireplace, and ensuite spa bath w/ heated flooring, zero-entry steam shower, and soaking tub. Finished basement highlights a Family Room w/ gas fireplace & built-ins, two bedrooms that share a full bath, and a storage room. Back deck oasis will blow you away showcasing three separate areas (dining area, cozy fire pit, and conversation sitting area) for outdoor entertaining right on the edge of the Mesa! Lower covered patio w/ sunken hot tub. Three-car attached garage w/ Tesla EV charging station & epoxy floors. Home amenities include central air, solar panels, lightning mitigation system, Class IV hail resistant tile roof, emergency generator, surge and EMP protector, safe room, Rolladen hurricane shutters, extra wind protection, foam insulation construction, radon mitigation system, Crestron home automation system, two water heaters, reinforced stairwell walls, exterior holiday Jellyfish lighting, humidifier, and Mortise locks on front door & garage. HOA dues include gated security, snow removal on private streets & trash removal. Walking distance to the Garden of the Gods Club & Resort, which offers numerous amenities including spa, gym, swimming pools, hot tubs, pickleball & tennis courts, and fine dining, with club membership. Plentiful hiking & biking trails close by. Excellent location only minutes from downtown, Manitou Springs, & Kissing Camels Golf Club. Rare opportunity to acquire a one-of-a-kind property on the rim in exclusive Cathedral Ridge!
Source: PPMLS #1746791
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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.