12142 Cline Ct, Colorado Springs, CO 80921
5 beds · 6 baths · 5,069 sqft
Welcome to your forever home in the prestigious community of Flying Horse! This Classic Homes Dynasty model has everything you’ve been looking for and more! This home offers 5 bedrooms, 6 bathrooms, and a three car oversized garage, your very own movie theater, and a beautiful large deck and yard where you can enjoy the beautiful Colorado sunshine. This home is thoughtfully designed with high-end finishes, and upgrades throughout, including custom modern shutters, and remote operated shades. It’s so cozy with its 4 beautiful modern rustic fireplaces to keep you warm during the cold Colorado days and nights. The Dynasty model is known for its beautiful beams, dramatic high ceilings, open concept layout, generously sized bedrooms, and its large main level primary suite with a spa like en-suite. This Dynasty comes with a chef’s kitchen featuring modern sleek KitchenAid black stainless steel appliances, beautiful upgraded hickory cabinets with pullout trays, and an expansive island with stunning quartz countertops. This open-concept masterpiece offers warmth, functionality and sophistication. This home has a fully finished basement with a beautiful rustic fireplace, and an amazing wet bar area. No need to pay for movie tickets, or leave the comfort of your own home, when you have your very own movie theater. The yard is professionally landscaped and fully fenced. This home comes equipped with a whole house integrated sound system that extends out to your deck. The large deck is also the perfect place to relax and take in the beautiful Mountain View’s, and watch the Air Force Thunderbirds perform! This Flying Horse Community has so much to offer, including access to an exclusive lifestyle through paid membership to the Flying Horse Club, featuring a private golf course, pools, fitness center, spa, lodge, and fine dining. Schedule your private showing today, and experience everything this Flying Horse Community has to offer!
Source: PPMLS #6363965
Source: PPMLS #6363965
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.