3825 S Calhan Rd, Calhan, CO 80808
4 beds · 2 baths · 1,404 sqft
Home on the Range! This well-kept, Gated and Fenced, 40 acre Horse Property exudes Pikes Peak and Mountain Vista Views. With New Carpet throughout the open-space concept, the living room, kitchen and dining nook greet you with a light and bright feel. The kitchen features Newer Samsung Appliances, 220V, ample countertop and cabinet space with room for a kitchen island, and flows into the dining nook. Offering 4 bedrooms and 2 full bathrooms; the Primary bedroom has an en-suite bathroom and walk-in closet, the three additional bedrooms on the other end of the home share a well appointed full bathroom in the hall. While taking in the wide open spaces: the property boats an oversized workshop measuring 30 x 40 feet with a 10 x 10 foot door, RV parking, 3 Car Carport, Horse Stable and stall, and a separate fenced in dog run in the back of the home. The property is zoned A-35 and there are no covenants. The well is a domestic well with a newer pump and pressure tank installed in 2018. The septic system is oversized with two tanks: 1000 gallon and 1500 gallons. Find your rest and relaxation on the range. Schedule today for a private showing!
Source: PPMLS #9818986
Interest rate and monthly payment estimated based on public records.
Source: PPMLS #9818986
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: #9818986
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.