1632 Derbyshire St Colorado Springs, CO 80910
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About this home
Welcome to this stunning 5BR/4BA home in the desirable Broadmoor View at Spring Creek community! This home offers thoughtfully designed living space as you step inside through a covered front porch into a bright, modern open-concept layout. High ceilings and expansive windows flood the main level with natural light. The inviting Living Room features a cozy fireplace, perfect for Colorado evenings. The eat-in gourmet Kitchen is a chef’s dream—complete with granite countertops, an island with bar seating, a 5-burner gas stove, pantry, abundant cabinetry, and a separate mini-bar area with fridge. The adjoining Dining space opens to a large deck, ideal for entertaining or simply enjoying the view. A retractable awning provides shade for summer nights spent outdoors. Also on the main level is a versatile guest bedroom (or office) next to a ¾ bath, as well as a mudroom connecting to the oversized 3-car garage. Luxury vinyl plank flooring extends throughout the main level. Upstairs, the expansive Primary Suite features mountain views, a luxurious 5-piece ensuite bath, and a custom walk-in closet. Two additional generously sized Bedrooms share a full bath, and the upper-level Laundry Room includes custom shelving and front-load washer and dryer. The finished basement offers a large, bright family room with walk-out access to a concrete patio with retractable privacy screens. You'll also find another full bath and a fifth Bedroom—ideal for guests or multigenerational living. Additional highlights include mountain views/AC/pre-wired for hot tub/remainder of 10-year builder warranty/ high end window shades. Minutes from downtown Colorado Springs, with easy access to I-25, Peterson AFB, Ft. Carson, COS Airport, shopping, dining, entertainment, and hiking trails! Vanguard School (an acclaimed public charter school) is just a short drive away. This home truly has it all—style, space, and scenic surroundings--schedule a showing today!
Source: PPMLS #6251430
Neighborhood
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.