8044 Cinnamon Ct Colorado Springs, CO 80927
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About this home
Welcome to your new home in the heart of Banning Lewis Ranch! This beautifully maintained ranch-style gem offers nearly 2,900 square feet of thoughtfully designed living space. From the moment you walk in, you’ll be greeted by an open-concept floor plan—perfect for hosting friends and family. Step outside to a private backyard, ideal for summer barbecues and quiet evenings under the stars. The main level features three spacious bedrooms, including a luxurious master suite and a convenient laundry den. You’ll also love the versatility of the finished basement, offering room for three additional bedrooms and endless possibilities for a media room, home office, or personal gym. Living in Banning Lewis Ranch means more than just a beautiful home—it’s a lifestyle. This close-knit community is known for its parks filled with games of Ultimate Tag, lively summer music festivals, and master-planned events that inspire new traditions. Whether you’re splashing with the kids at the water park, hitting personal records at the gym, enjoying peaceful sunset strolls, or attending top-rated schools, every day here brings new memories. Here, neighbors become family, and the amenities are only outmatched by the moments you’ll cherish. Don’t miss out—schedule your private tour today!
Source: PPMLS #9268398
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.