20643 Calhaven Dr, Santa Clarita, CA 91390
4 beds · 3 baths · 2,061 sqft
Welcome home to 20643 Calhaven Drive, where a private gated estate awaits a new owner ready to restore it to its original glory. Tucked away at the end of a peaceful cul-de-sac, this home sits on a massive 39,927 sqft lot (close to 1 ACRE), offering a rare combination of space, privacy, and endless potential. Whether you’re dreaming of a tranquil retreat or looking for room to expand and make your mark, this property provides the ideal canvas to create something truly special. No Mello-Roos or HOA fees! Built in 1979, this home boasts 2,061 sqft of living space, thoughtfully updated with modern upgrades like a new roof, upgraded AC/heating unit, a tankless water heater, and newer windows. Yet, there’s still plenty of room for your personal touch to truly make it your own. As you step inside, you're greeted by the grandeur of the formal living room, featuring high ceilings that lend an air of spaciousness. A cozy fireplace takes center stage. Natural light pours in through two skylights, creating a warm and inviting atmosphere. This seamless flow leads into the formal dining area, perfect for hosting gatherings and creating memories. While the kitchen did recently experience a leak, rest assured that the insurance company is actively restoring it, and it will be fully repaired before the close of escrow, ensuring that it’s in move-in ready condition. See current and before pictures. Upstairs, you’ll find large bedrooms that offer both comfort and space. The primary suite is a true retreat, complete with a walk-in closet. With high ceilings throughout the home, the entire space feels expansive, inviting you to relax and unwind. The backyard oasis is designed with entertaining in mind. Complete with pool, spa, fire-pit, and covered patio offer the perfect space for outdoor gatherings or quiet evenings. The true magic of this property lies in its potential. The expansive lot offers room for future room additions, expansion, RV/Boat parking or even more outdoor features, allowing you to truly customize the space to your vision, the possibilities are endless. 20643 Calhaven Drive is the perfect blend of peaceful living and endless potential. With a little TLC, this house could become your dream estate. Don’t miss out on this incredible opportunity.
Source: CRMLS #BB25025683
Financials
Source: Public records
Source: CRMLS #BB25025683
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.