5747 Tradewind Pt Colorado Springs, CO 80923
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About this home
Welcome Home to Saddleback Townhomes! Discover this beautiful end unit townhome offering true main level living near Cottonwood Park, Cottonwood Rec Center and nice walking and biking nearby. Rare unit with 4 bedrooms, 3 baths and attached a 2-car garage. This is an easy lifestyle with the HOA doing most of the work. It is conveniently located near shopping, restaurants, schools, and Peterson SFB in one of the most desirable communities along the Powers Corridor. From the moment you step inside, you’ll be greeted with a warm and inviting layout designed for both easy everyday living and effortless entertaining. The heart of the home features a spacious living area with a gas fireplace that flows seamlessly into the dining space and kitchen, all with new flooring. This is the ideal hub for gatherings. From the great room you walk out to a nice patio to sip you morning coffee. Two bedrooms on the main level including the main-level primary suite. Each bedroom is generously sized and a nice option for your home office or second bedroom on this level. Laundry room is here too so it is MAIN LEVEL LIVING! Endless possibilities in the finished basement offering a sprawling family room that can be transformed into the ultimate entertainment zone, cozy movie lounge, game room, or personal gym. Two additional bedrooms and full bath complete this level. Whether you’re grabbing a quick bite, enjoying a night out, or stocking up on essentials, convenience is unmatched. Vaulted ceiling, French doors, enclosed back patio, central air, new flooring on main and a friendly community with nice green spaces. This home combines functionality, comfort with a prime location. It’s not just a townhome—it’s a lifestyle.
Source: PPMLS #8449486
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.
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