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20 N Calhoun St, Warrenton, VA 20186
4 beds · 3 baths · 1,872 sqft
LOCATION, convenience and quality of life in historic Old Town Warrenton! This is one of only two houses tucked away on N. Calhoun street so it offers a quieter setting just steps away from shops, restaurants, the farmers market and all the fun that's to be had on Main street and in historic Old Town. This would make a FANTASTIC investment property. It's unique layout offers multiple options for living arrangements. Large rooms and lots of closet space with two sets of stairs serving both levels at the front and back of the home make it a perfect setup for an in-law apartment or potential separate units (would require county approval) but it was set up as separate units and meters when it was purchased by the current owners. It also has multiple garages. A 2-car garage in the front and an additional garage in the back which could be finished into additional living space or simply used for storage. The property has beautiful mature trees and a fenced in yard. New roof in 2020, new kitchen cabinets and counters in 2022, new carpet in 2022, and a new HVAC system in 2023. The house is in good condition overall but does need some work. Selling AS-IS and is PRICED TO SELL!
Source: BRIGHT #VAFQ2017298
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
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If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
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Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #VAFQ2017298
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.
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.
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