8155 Soap Weed Rd, Calhan, CO 80808
5 beds · 0 baths · 3,626 sqft
A quiet Colorado ranch just east of Colorado Springs, Colorado with views of Pikes Peak will make this property your dream come true. An Oversized 300' x 250' roping arena for practice to your hearts desire. 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: PPMLS #5551695
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: PPMLS #5551695
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.