23580 Murphy Rd Calhan, CO 80808
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About this home
Beautiful 39.1-acre equestrian property just minutes from Calhan and Falcon! This well-maintained 3BD/2BA ranch-style home offers approx. 1,512 SF of living space and was built in 2001. Enjoy open living areas, a functional layout, and peaceful rural views. Property features a 40'×40' detached metal garage/workshop with two 12'×16' doors—room for up to 8 vehicles or equipment. Additional amenities include a 40'×20' concrete patio with metal overhang, rock fire pit, hot tub, insulated 3-car garage with wood-burning heater, shelving, and workbenches. The property has a 3 stall barn including, outbuildings include an 11'×12' chicken coop on concrete slab, hay storage and loafing shed, One by chicken coop, one by horse barn and one at the back of the house. There are three water spigots on the property, for ease of watering livestock, outlets for antifreeze by the water trough by the outbuildings.—ideal for homesteading or small-scale farming. Entire property is fully fenced with a custom powder-coated steel gate, automatic openers, keypad, and exit wand for security and convenience. Great opportunity for buyers seeking space, functionality, and privacy—all with easy access to town amenities. Shooting range with a 18-22 foot tall berm.
Source: PPMLS #4959851
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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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