2328 Margaux Valley Way, Colorado Springs, CO 80921
3 beds · 3 baths · 4,040 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome home to casual elegance in Flying Horse – 3 Bed | 3 Bath | 3-Car Tandem Garage. Located in the desirable Sonoma community of Flying Horse, this beautifully maintained 3-bedroom, 3-bath ranch-style home offers an ideal blend of comfort, style, and functionality, all nestled in one of Colorado Springs’ most sought-after neighborhoods. Step inside to an inviting open floor plan with soaring ceilings, abundant natural light, and warm hardwood floors. The spacious great room features a gas fireplace and flows seamlessly into the gourmet kitchen, complete with granite countertops, stainless steel appliances, a large center island, and custom cabinetry—perfect for entertaining or everyday living. The main-level primary suite is a private retreat with a spa-like 5-piece bath and a generous walk-in closet. A secondary bedroom, full bath, a versatile office/flex space and laundry complete the main floor. The partially finished basement offers additional living space with a large rec room, wet bar, third bedroom, and full bath—ideal for guests, hobbies, or a home theater setup. Additional unfinished space offers convenient storage space and the flexibility to add an addition bedroom with ensuite bath. Enjoy outdoor living from the pergola covered front and back patios with mountain and golf-course views, and the convenience of community-maintained landscaping. The 3-car tandem garage provides ample room for vehicles, storage, or workshop space. Just minutes from the Club at Flying Horse, residents enjoy access to world-class amenities including golf, spa, fitness center, pools, and fine dining. With easy access to I-25, shopping, dining, and scenic trails, this home delivers the best of Colorado living in an unbeatable location. Don't miss this exceptional opportunity to own a home that offers both refined living and everyday comfort in the heart of Flying Horse.
Source: PPMLS #6700025
All values shown are estimated costs / mo.
Source: Public records
Source: PPMLS #6700025
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.
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.
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.
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 620, 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.