5290 Turquoise Dr, Colorado Springs, CO 80918
4 beds · 5 baths · 4,459 sqft sqft
Welcome to your dream home in the highly sought-after Park Vista Estates, where luxury meets serenity! This custom-built, beautifully updated property offers 4,500 sq. ft. of refined living space, perched on a stunning acre lot. As you step inside, you’re greeted by an expansive living room with soaring vaulted ceilings and a cozy stone gas fireplace, perfect for chilly evenings. A stylish dining room, accented by an upgraded light fixture, is ideal for intimate dinners or larger gatherings. The chef’s kitchen is a showstopper, boasting granite countertops, sleek white cabinetry, and a gas range. The large island with seating makes this space perfect for entertaining, and the gourmet kitchen’s double oven, warming drawer, beverage cooler, and custom cabinetry make cooking an absolute delight. The main-level master suite is your private retreat, featuring a luxurious 5-piece bath with granite countertops, a soaking tub, and a spacious walk-in closet. Upstairs, you’ll find two generously sized bedrooms, one with a walk-in closet, and a fully remodeled bathroom with double sinks, a skylight, and gorgeous tile finishes. The finished walkout basement is designed for relaxation and entertainment, featuring a large family room with surround sound, an additional ensuite with an attached bath and dressing area, and an impressive movie theater complete with theater seating, a projector, a dry bar, and a convenient half bath—perfect for hosting movie nights or game day events. Step outside onto the expansive custom deck, partially covered, where you can take in breathtaking views and watch local wildlife roam. The oversized 3-car garage comes with coated floors, a service door, and ample space for all your needs. Don’t miss this rare opportunity to own a stunning home in Park Vista Estates with the potential to acquire even more space for ultimate privacy! See Virtual Tour Here: https://app.pixvid.net/sites/wexqjla/unbranded
Source: RECO #4306069
Interest rate and monthly payment estimated based on public records.
Source: RECO #4306069
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: #4306069
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