22500 Enoch Rd Calhan, CO 80808
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About this home
Welcome to this unique 40-acre “square” property, formerly a working dairy farm, now thoughtfully converted into versatile family living. With two separate homes, this property offers endless possibilities for multi-generational living, rental income, or guest accommodations. The main residence is a 3-bedroom 1-bath home with wood tone plank vinyl flooring, updated kitchen, main level office, must-see mudroom/laundry area, finished basement with family room, library nook, ample storage and tank-less water heater. Fenced in yard with grass, flowers and mature trees as well as covered patio with plenty of seating space. The secondary home, a 2016 manufactured home, has its own address, is a 3 bedroom, 2 bath with all appliances, large covered front porch as well as carport and 2 storage sheds close by. Both homes offer forced air propane heat, central air and ceiling fans. Need bonus space? You will love the detached “Rec Room"/Workshop, formally the dairy barn, with pellet stove, work benches, and plenty of space for your favorite activities and storage for it all. Extras include a 3-car garage, 8-stall pole barn, additional out buildings, 2 year old greenhouse with raised planting beds & water hydrant inside. An exterior garden is fenced off with water hydrant adjacent to a garden shed to keep your tools handy. Bring your horses, your boat, your RV—there’s room for it all here. With wide-open space, Pikes Peak views, and just under 30 minutes to town, this property combines rural freedom with modern convenience.
Source: PPMLS #2173047
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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.
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