1970 Medici Ln, Colorado Springs, CO 80921
2 beds · 2 baths · 1,448 sqft
Welcome to Flying Horse, one of Colorado's premier country club communities * Easy accessible, corner lot provides a great curb appeal with an oversized, covered front porch, perfect for relaxation * This exceptional property combines main-level living, a low-maintenance design, and an open floor plan, making it ideal for first-time homebuyers or those looking to downsize without sacrificing luxury * From the moment you enter, you will be captivated by the large great room that offers the perfect space for entertaining * Step into a bright, airy kitchen adorned with crown molding and upgraded cabinetry—a dream space for any culinary enthusiast open to dedicated dining room, perfect for holiday gatherings * The spacious primary suite is oversized features a luxurious spa bath with expanded shower, double vanity and an expansive walk-in closet * Throughout the functional floor plan, enjoy custom interior shutters allowing you to effortlessly control natural light while adding a touch of elegance * Located within walking distance to the nearby park, this home also offers access to the unparalleled amenities of The Club at Flying Horse, including two award-winning golf courses, multiple pools, fine dining options, boutique hotels and more available through various levels of membership * Experience the perfect blend of comfort, convenience, and resort-style living in this stunning single-family residence * Don’t miss this rare opportunity to enjoy Colorado’s finest community at an entry-level price not having to sacrifice attention to detail * Private rear patio is the perfect place to take in the views of the mountains * 2 car garage is finished, insulated, textured and painted * Newer flooring throughout, stainless steel appliances to include Washer and Dryer, everything expertly maintained* Act fast—this one won’t last!
Source: PPMLS #1512185
Source: PPMLS #1512185
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: #1512185
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.