4338 Hanging Lake Cir, Colorado Springs, CO 80924
7 beds · 4 baths · 3,409 sqft
Welcome to this stunning two-story home in the highly sought-after Cordera master-planned community. Boasting 7 bedrooms, 4 bathrooms, and a fully finished basement, this home offers a perfect blend of luxury, functionality, and thoughtful upgrades throughout. Step inside to discover a bright and open main level, where the chef’s kitchen features premium KitchenAid appliances, including a 36” gas cooktop, oven/microwave combo, and dishwasher. The spacious dining area and great room, complete with a stone fireplace, provide the perfect space for entertaining. Luxury vinyl tile floors throughout the main level add to the home’s modern appeal. The primary suite is a true retreat, featuring a custom-designed master closet with a high-end Container Store system and an expanded master bath with a Euro glass-enclosed shower. Upstairs, you’ll find a convenient laundry room with a freestanding sink, making chores effortless. The finished basement is an entertainer’s dream, offering a wet bar, built-in cabinetry for additional storage, and pre-wiring for surround sound. The 3-car garage is outfitted with overhead storage and a Tesla charger, while the backyard is beautifully landscaped with Astroturf for easy maintenance. Enjoy year-round outdoor gatherings on the covered rear patio, which is equipped with a natural gas line for a grill or hot tub. Additional highlights include a Tuff Shed storage shed and a full sprinkler system. With its custom storage solutions, high-end finishes, and unbeatable location in Cordera, this exceptional home won’t last long. Schedule your private tour today!
Source: PPMLS #1698823
Source: PPMLS #1698823
Source: Public records
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%. 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.
Other resourcesWhat 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.