17645 Walden Way, Colorado Springs, CO 80908
5 beds · 3 baths · 2,572 sqft
Fantastic horse property on 5 acres with trees and meadows. The custom ranch style home has 5 bedrooms including a MAIN LEVEL MASTER and 4 bedrooms upstairs. The bright and spacious kitchen has been recently updated to include newer appliances and a casual dining area with a bay window looking out onto the rest of the property. There is a formal dining room plus a second living room/sitting area. The great room is the larger living area on the main floor with a staircase to the second floor, as well as a double sided stone fireplace/hearth. Also on the main level is a second bathroom for guests and the laundry room and mud room where you'll find an additional staircase to the second floor. Upstairs are 4 additional bedrooms (one that is currently used as an office) and another full bathroom. The main level master bedroom features 2 closets and an en suite bath that has a door to connect it to the sun room, which is conveniently wired for a hot tub! Sun room also shares one side of the double sided fireplace and has a walkout to the beautiful back deck/patio area. From here you can look out on the 48x36 barn that includes 4 Stalls plus a 'sick' stall, plus a tack room, dry hay storage, and more! There is also a 90 X 52 Indoor Arena that can be used as a horse arena, training area, or even as storage for more toys or vehicles! There are 4 separate pasture areas. There is a 50 amp RV hookup. Household well. A water tap is available from the Walden Corp so the new owner has access to additional water if needed for horses etc. The septic system is currently being replaced by the seller. New roof in 2017. New water heater in 2024. New windows on the east side in 2024. New exterior paint 2024. New sump pump in 2024. Radon mitigation system will be installed prior to closing. So much possibility is packed into 5 acres here, making it a truly once in a lifetime property!! Don't miss it!
Source: PPMLS #2869464
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #2869464
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: #2869464
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