6440 Forest Thorn Ct, Colorado Springs, CO 80927
5 beds · 4 baths · 3,667 sqft
Welcome home to this stunning, meticulously maintained ranch home in award-winning Banning Lewis Ranch. Luxury defined, the main level features an open and flowing floor plan bathed in natural light. Cook like a pro chef in the spacious kitchen with granite countertops, extended island, counter space, and cabinetry, gas 5 burner cook top, oven with Advantium 5 in 1, soft close drawers, built in spice drawer, pantry and dining area. Formal dining room includes built in shelves and a butlers pantry. The luxurious main level primary bedroom with a walk out to the upper patio includes dual vanities, spacious walk-in closet, oversized tub and stand alone shower. The second main level bedroom is ready to be turned into your home office or nursery. The basement level includes the home theatre and wet bar areas, a junior primary suite and 2 other bedrooms, plenty of storage area as well as a walk-out to the lower patio. Say goodbye to electric bills with the included 9 Kw DC/6.7 Kw AC power photovoltaic (solar) system. Perfectly upgraded throughout from the gorgeous hickory floors to the 11' main level ceilings, 9' basement ceilings, gas fireplace, whole home vacuum, mud sink, wet bar, home theatre with 110' HD projector wired for 7:2 surround sound, walk out basement, dual patios, 3 car garage, and wired internet in all rooms. All of this is topped off with amazing mountain and Pikes Peak views!! Banning Lewis Ranch is an award-winning community with unrivaled amenities including: club house with 24-hour fitness center, YMCA guided exercise classes, junior Olympic-Size pool, kids splash park, pickelball courts, basketball courts, tennis courts, dog parks, numerous playgrounds, over 65-acres of parks, trails and recreational areas. Don't forget to attend the summer concerts in the park, outdoor markets, and holiday fireworks displays. Conveniently located close to shopping, dining, entertainment, and easy access to military bases. Schedule your private showing today!!
Source: PPMLS #7346660
All values shown are estimated costs / mo.
Source: Public records
Source: PPMLS #7346660
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.