Welcome to 13105 Cakebread Heights, an exceptional end-unit patio home/townhome in the highly desirable Flying Horse community of Colorado Springs, located within sought-after Academy District 20. Known for its luxury lifestyle, award-winning master-planned design, and premier north-end location, Flying Horse has long been recognized for its upscale appeal, beautiful surroundings, and access to top-tier amenities, including golf, dining, and resort-style living. This move-in ready home offers over 3,000 square feet of finished living space with the comfort of main-level living, the flexibility of a fully finished basement, and the ease of a low-maintenance lifestyle. Perfectly positioned as an end unit, this home enjoys added privacy, abundant natural light, a beautiful patio area, flat usable outdoor space, and attractive mature landscaping. Inside, you’ll love the open layout, oversized kitchen, granite countertops, cherry wood cabinetry, formal dining space, and a sunny breakfast nook ideal for everyday living or entertaining. The main level showcases newly refinished wood flooring, while the primary suite features brand-new carpet, creating a fresh and inviting feel throughout. Pride of ownership is evident in every detail. The spacious finished basement expands your living options with two additional bedrooms, a wet bar, and excellent storage space—ideal for guests, multigenerational living, hobbies, a home office, or entertaining. Additional highlights include an attached two-car garage, ample storage throughout, and a layout that lives large while maintaining warmth and functionality. Set in one of Colorado Springs’ most coveted communities, this home combines security, convenience, luxury, and location near top-rated schools, dining, shopping, golf, and quick access to major corridors. Flying Horse is especially known for its elegant neighborhood design, strong lifestyle appeal, and District 20 access. Don't wait, schedule your private tour today!
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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