Looking for home financing in the up-and-coming Falcon Colorado area?  Apply here at Springs Home Mortgage for FHA, VA, USDA, and conventional loans.  Falcon Colorado lies northeast of Colorado Springs in El Paso County–where the mountains come down to meet the High Plains.  The area features springs, ponds, and mature trees lying on the semi-arid steppe grasslands. 

The up-and-coming area is along US Highway 24 about 14 miles from downtown and convenient to Colorado Springs Regional Airport, Schriever and Peterson Air Force bases, and Fort Carson.  Springs Home Mortgage offers Falcon home loans in the 80831 ZIP Code.  The Peyton Post Office serves much of this area.

Homes and Neighborhoods

Falcon real estate includes master-planned communities, rural properties, and farmland.  Closest to Colorado Springs, homebuyers find newer neighborhoods plump full of amenities.  A bit farther east and north, the Falcon countryside neighborhoods offer larger parcels, some 5-10+ acres zoned for horses.  Working farms and ranches fill in the gaps.   A densely treed area north of Falcon, Black Forest mingles with the equestrian/farming lifestyle.

Falcon homebuyers tend to be those looking for more elbow room and/or sought-after amenities.  In addition, the Falcon area often qualifies for USDA mortgages which are more applicable in outlying areas.  In Falcon, Colorado, buyers can find single family homes on small acreage in uncrowded neighborhoods.  Or they may prefer one of the many planned communities with trails, parks, and amenities closer to Colorado Springs. 

A home search in the Falcon area could take buyers through over 100 subdivisions.  The Meadows, Elkhorn Estates, Meridian Ranch, Woodmen Hills, Paint Brush Hills (formerly Falcon Hills), Falcon Heights, Sunny Slope Estates. Wolf Ranch, Banning Lewis Ranch, Sterling Ranch, Cumbre Vista, and Antlers Creek.

A Bit of History

Settlers moved into Falcon in the late 1800s along with the railroad.  Both the Denver & New Orleans and the Chicago & Rock Island lines passed through.  Soon afterwards, the Falcon Land and Town Company began selling lots. Then downtown area sprouted up.  When cars were invented, growth slowed until highway traffic drew new businesses.  Residential developments in Falcon increased dramatically since the 1990s along with accompanying services and businesses.

Schools

Families living in Falcon are served by a couple of different school districts including Falcon School District 49.  Open enrollment allows for some flux.  High schools include Falcon High School, Vista Ridge High School, Sand Creek High School, and Patriot Learning Center.

Home Loans in Falcon Colorado

If you are sold on moving to one of the desirable properties in Falcon, consider your home loan options.  Popular choices include FHA, VA, USDA, and conventional loans.  Lending agents at Springs Home Mortgage are experienced with every financial helping program for homebuyers offered here in Colorado.  We will help you find the best financial package.

Creative solutions allow applicants to be matched to these programs.  For example, if you select a rural property, the USDA loan could fit the bill.  This type of mortgage often helps buyers who have little savings.  Qualified applicants often get approved for 100 percent financing with no down payments.  Of course, Veterans are eligible for the VA loan with similar benefits.  An FHA home loan can also give homebuyers doable options like low down payment and closing costs.   

Your current equity or savings may allow you to apply for a conventional home loan.  This type of loan allows homebuyers to finance up to $484,350 for a single unit in Falcon.  Applicants need good credit and a substantial down payment.  We will explain the pros and cons of the conventional loan, including a variety of fixed-rate or adjustable-rate contracts. 

Springs Home Mortgage knows the value of living in Falcon.  Get pre-approved for your home loan now and be positioned to bid on your next new home.   Let us help you get settled.