13640 Winslow Dr, Colorado Springs, CO 80908
7 beds · 7 baths · 6,792 sqft sqft
WHAT AN AMAZING PROPERTY!! Located in the very prestigious Cathedral Pines Neighborhood. 2 Incredible homes. Between the 2 homes you'll find 7 bedrooms, 7 bathrooms and 5 garage spaces all heated and insulated. Enjoy Magnificent Views of Pikes Peak from both homes. The main house has 5800 square feet. Entry greets you with Hardwood floors, Amazing vaulted ceiling and large windows that look out to the Incredible Views. Modern ceiling fan hovers over the living room with an attractive floor to ceiling gas fireplace to warm you on cold winter nights. The kitchen features Granite Counters, 42" cabinets, 6 burner cooktop, 2 ovens, one is convection, Beautiful Marble backsplash and hood. Enter the main level office through French Doors. The master bedroom features a ceiling fan, recessed lighting and Amazing 5 Piece master bath with a large shower with body spray and rain shower head. You'll love the spacious Loft which is plumbed for a bathroom and has a ceiling fan and its own HVAC. 3 bedrooms in the basement with attached baths along with a Theatre room with 6 reclining theater seats, surround speakers, projector and a 12" screen. Now to the very nice guest house with almost 1000 square feet. It has one bedroom, office or could be a 2nd bedroom, bath and 1 car insulated garage. All Stainless Steel appliances stay including washer/dryer in both homes. Kitchen greets you with center island and Granite counters. Front Trex deck, great for sitting, and check out the railings – made from Ski Cables. Main home has 4 car garage and dog wash in the laundry room. The Cathedral Pines Clubhouse is nearby. This is an Amazing Property. Peace and Quiet and all the scents of mountain living without the drive!!
Source: PPMLS #1165599
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #1165599
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #1165599
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