2680 Emerald Ridge Dr, Colorado Springs, CO 80920
5 beds · 4 baths · 4,435 sqft
Welcome to this stunning home nestled in the highly sought-after Pine Creek community, just steps from the golf course and within walking distance to top-rated D-20 schools. This spacious residence features five bedrooms and four full baths, offering plenty of room for everyone. The master suite is a true retreat, complete with a luxurious five-piece bath featuring ample cabinet and counter space, plus two generous his and hers closets. Culinary enthusiasts will love the oversized gourmet kitchen, equipped with sleek black Kitchen Aid appliances, including an electric cooktop with downdraft, a French door refrigerator, a wall oven with microwave, and a whisper-quiet high-end dishwasher. The large center island provides a convenient serving surface and includes a double trash can pullout for added functionality. Beautiful granite countertops and a cozy breakfast nook make this space perfect for casual dining. The main level also boasts a formal dining area with a butler’s pantry, a comfortable living room featuring custom wood flooring, and an expansive den wired for both indoor and outdoor audio, ideal for entertaining guests. Head to the upper level, where the master suite awaits, complete with an adjoining sitting area and a cozy gas fireplace. Two additional bedrooms and a double vanity full bath provide plenty of space for family and guests. The lower level is an entertainer’s dream, featuring 7.1 surround sound wiring and a generous family room highlighted by a large serving bar and abundant cabinet storage. A well-designed bedroom and full bath add convenience, along with two large storage areas to meet all your organizational needs. This home also includes two furnaces and two AC units, ensuring year-round comfort. The three-car courtyard garage adds an elegant touch and creates an impressive entrance. Custom window shutters are found throughout the main level. Don’t miss out on this incredible property—it won’t last long!
Source: PPMLS #8027118
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #8027118
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: #8027118
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.