16489 Clandestine Ct, Monument, CO 80132
5 beds · 4 baths · 4,317 sqft
Nestled at one of the highest points in the desirable Sanctuary Pointe community, this exquisite two-story home—built by award-winning Saddletree Homes—backs to open space and offers amazing views of Pikes Peak and the surrounding forest. Thoughtfully designed with both elegance and functionality in mind, this 5-bedroom, 4-bathroom home boasts high-end finishes, abundant natural light, and an open-concept floor plan. As you enter the home, you'll be captivated by the oversized windows that frame incredible forest views. The stunning site-finished hardwood floors add an extra touch of elegance. The kitchen is a chef’s dream, featuring ample cabinetry, a high-end 6-burner gas range with a hood, a microwave-oven combo, a dishwasher, and a spacious walk-in pantry—making cooking and entertaining an absolute pleasure. The open floor plan flows seamlessly into the dining and living areas, creating a welcoming and inviting atmosphere. The main floor also includes a bedroom, bathroom, and an oversized mud room. Upstairs you will find the spacious primary suite is truly a retreat, featuring a private sitting area, access to a covered deck with breathtaking Pikes Peak views, and a spa-inspired bathroom. Relax in the oversized shower with dual showerheads, soak in the freestanding tub, and enjoy the convenience of separate sinks. Right off the primary closet, you will find the connected laundry room, located near the two other upstairs bedrooms and additional bathroom. The finished lower level is designed for entertainment, boasting a sprawling rec room, a stylish wet bar, a large bedroom, and a full bath—perfect for guests, extended family, or a private retreat. This space offers endless possibilities, whether you envision a media room, game room, or home gym. Outside, the covered patio provides a peaceful setting to take in the beauty of the Colorado landscape. With open space behind the home, you’ll appreciate the privacy and tranquility this exceptional lot provides.
Source: PPMLS #8669985
Financials
Source: Public records
Source: PPMLS #8669985
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.