8155 Soap Weed Rd, Calhan, CO 80808
5 beds · 0 baths · 3,626 sqft
A quiet Colorado ranch property just east of Colorado Springs, Colorado. Practice riding or roping in this Oversized 300' x 250' arena. The barn is equipped with electric, a 12x18 tack room, utility sink and 5 gallon on demand water heater. 2 - 12x18 foaling stalls with cameras and 3 - 12x12 stalls with Dutch doors and a hay loft that can accommodate 300 small bales. This property has 4 outside water hydrants, 5 separate fenced areas for horses or livestock and fenced back 30 acres with a pond. New stucco wraps this stick built, over 3,600 sq ft home with 5 bedrooms and 3 full bathrooms. A second kitchen in the walk out basement is ideal for in-laws, multi-family or entertainment. The 90x30 terraced garden is fenced on 3 sides with room to plant your heart's desire. A 1500 sq foot garage with electric doors with room for 4+ vehicles and a shop area for toys and tools. The "she-shed" is a roomy 18x24, with a chicken coop on the north side. This property has it all to include all new roofing on every building, gutters, water heater, septic system and interior paint. A dream acreage sure to impress!
Source: RECO #2288542
Interest rate and monthly payment estimated based on public records.
Source: RECO #2288542
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: #2288542
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