4362 Hanging Lake Cir, Colorado Springs, CO 80924
4 beds · 4 baths · 3,519 sqft sqft
Welcome home! This beautiful 4 bed, 4 bath, 3 car garage, ranch style home is like new and loaded with upgrades! This home was thoughtfully designed and is perfect for those who value luxury and entertaining. As you enter the home you will immediately notice the spacious, open concept layout and the warm natural wood floors on the main level. The large living, dining, and kitchen area flow seamlessly together and allow for tons of natural light coming through the upgraded and oversized rear glass patio doors and large windows. The living room features soaring ceilings, a beautiful stone faced wall featuring a gas fireplace that brings warmth and elegance to the space. The gourmet kitchen is truly a chefs dream! This kitchen features quartz countertops, tile backsplash, a large island, double oven, and pantry. The dining area also features a custom built-in banquet bench in the nook. Finally the main level features 2 bedrooms, including the master with en-suite bathroom and spa style shower, one additional bedroom with attached bathroom and an office/flex room for flexible living or working options. The finished portion of the basement offers 2 additional bedrooms, one full bathroom and a large family room including a wet bar and custom stained concrete flooring. This space also features a gas fireplace to help keep warm during movie or game night! The additional unfinished area is fantastic for storage or a great blank slate to add another bedroom and bathroom if desired. Outside you will find a covered back patio that allows for year round enjoyment! The front yard is both inviting and low maintenance and gives the home a wonderful curb appeal. This home has it all and with central air conditioning and a radon mitigation system already in place, you can enjoy your space with peace of mind! Set up your showings today and make this stunning home yours for the holidays!
Source: PPMLS #4894617
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #4894617
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: #4894617
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.