3568 Saddle Dr, Canon City, CO 81212
3 beds · 2 baths · 1,746 sqft sqft
Situated on an elevated corner lot within the Four Mile Ranch golf community is this stunning ranch home built in 2022. This open floor plan boasts 3 bedrooms, 2 bathrooms, and breathtaking views of the mountains and golf course! This well-cared-for home has many aspects upgraded from the builder's original standard features including updated luxury vinyl plank (LVP) flooring, plush carpet throughout, quartz countertops in the kitchen, upgraded LG stainless steel appliances, and custom window blinds. Enjoy the large windows throughout the home that showcase the views of the mountains and golf course while still having comfort and convenience with tinted windows to reduce heat. This home's energy efficiency, sophistication and modern conveniences don't stop at the interior. The spacious backyard is perfect for entertaining, featuring a 46x14 cement patio, a matching wood pergola, and a cement walkway leading to the front. Complete landscaping includes retaining walls, sprinklers, and a black iron fence that encloses the lush lawn. This home wouldn't be complete without a finished 2 car garage and built-in radon mitigation system. This quiet yet vibrant golf community has NO HOA, is about 40 minutes to Fort Carson/Colo Springs and 30 minutes to Pueblo West.
Source: RECO #9339113
Interest rate and monthly payment estimated based on public records.
Source: RECO #9339113
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: #9339113
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