6417 Cabana Cir Colorado Springs, CO 80923
Your savings
About this home
You will be picking your jaw off the perfectly refinished hardwood floors as you walk into this renovated, stunning home! Six bedroom, four bath, three car attached garage with an open floor plan, massive vaulted ceilings and main level primary bedroom suite. Fresh paint, refinished cabinetry, brand new matching hardware fixtures and lighting, newer stainless steel appliances, granite countertops, brand new carpet with upgraded pad and meticulously refinished hardwood floors have this home looking gorgeous! But don't worry, this home doesn't just have the looks, after all, it's what's on the inside that really counts. Rheem furnace and air conditioner professionally installed last year and water heater is only two years old. Fenced backyard with artificial turf, storage shed and brand-new professionally installed, no maintenance Trex deck! Finished basement includes a walk-out entrance, 3/4 bath and two bedrooms, one of which has capped plumbing ready for an easy wet bar or kitchenette sink install. All of this glory in the desirable Ridgeview at Stetson Hills neighborhood with easy access to schools, parks and everything the Powers corridor has to offer. Come take a look and feel what true pride of ownership means!
Source: PPMLS #5214750
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.