2690 Edenderry Dr, Colorado Springs, CO 80919
5 beds · 4 baths · 3,992 sqft
Welcome to this lovely 5-bedroom, 3.5-bathroom home offering breathtaking panoramic views of the surrounding mountains and Colorado Springs. Nestled in a sought-after neighborhood, this spacious property seamlessly blends luxury, comfort, and natural beauty. As you enter, you'll be greeted by a generous floor plan with numerous large windows that flood the home with natural light. The spacious living areas feature high ceilings and stunning views, a perfect setting for both relaxation and entertaining. The kitchen is sure to inspire, featuring newer stainless-steel appliances, pantry cabinets with pull-out shelving, and a center island. Quartz countertops in the kitchen and granite countertops in the bathrooms provide an elegant touch. The primary suite is a true retreat, offering a private sanctuary with a walk-in closet and a spa-like bathroom with dual vanities, a soaking tub, and a separate shower. Each additional bedroom is generously sized with ample closet space and large windows that showcase the incredible scenery. The main level of the home also features a formal dining room, a cozy family room with a gas fireplace, and a dedicated office space, perfect for work or creative endeavors. The new composite deck and walk-out patio ensure the views are always on display. There is an oversized two-car garage, with ample storage, and a mud room inside the door. The walk-out basement was finished by Classic Homes at construction, and features an additional 500 square feet, finished as a flex space, in addition to the living room and guest suite. Approximately 20 minutes to the U.S. Air Force Academy, 30 minutes to Peterson Space Force Base, 40 minutes to Schriever Space Force Base, and 35 minutes to Fort Carson. Located just minutes from Blodgett Open Space, Marshall Sprague Park, Woodmen Valley Park, Ute Valley Park, and award-winning Academy District 20 schools, this is a rare opportunity to own a truly exceptional home with some of the best views in the area.
Source: RECO #6472529
Source: RECO #6472529
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.
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