Stunning 5 bed, 4 bath ranch home in the prestigious Flying Horse community- offering breathtaking views of Pikes Peak & the Front Range, the essence of a ‘million dollar view’! Situated in a quiet cul-de-sac, this home expertly blends function, style & comfort. The main level is light-filled, features an open concept with hardwood floors, gorgeous gas fireplace & clean lines that showcase the mesmerizing views. An airy kitchen with a bonus hall for hosting, island with bar seating & an inviting dining space are ideal for gathering. The primary suite features a 5-piece bath, walk-in closet & access to the spacious covered deck. A guest room, full bathroom, office/flex space, laundry room and added storage complete the main level, offering the ease and comfort of true main level living. A spacious lower level boasts 10 ft ceilings, a generous recreation room wired for surround sound & pre-plumbed for a wet bar. Two additional bedrooms, a full bathroom, & a guest suite featuring a private bath & walk-in closet, complete the lower level- providing an abundance of space for entertaining family, guests, and more! Outside, enjoy the professionally landscaped yard & covered deck, expertly designed for taking in serene nights, sunshine, and endless mountain views. A hot tub is nestled to the side of the covered porch. Thoughtful landscaping, paired with this impressive lot, provides privacy while highlighting the views & beauty of this location. A 3 car garage includes a 220V outlet for electric vehicle charging and additional storage. Residents of the community can elect to enjoy membership with Flying Horse Resort & Club, with access to championship golf courses, athletic club, and more. The Flying Horse Steakhouse & luxury lodging located in the community (just minutes away from this property!) are open to the public, adding convenience for residents & guests alike. This home is a must-see with functional design, renowned community location, and unmatched scenery!
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
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