Welcome to this beautifully updated 3-bedroom, 1.5-bath townhouse-style home in the Todd Ranch community. This move-in ready home features thoughtful improvements and modern touches throughout. Step inside to find fresh interior paint, vinyl plank flooring, and lovely new stair railing.The spacious living area opens to a dining nook and a private patio with new grass--perfect for outdoor entertaining or relaxing in the sunshine. The kitchen features new quartz countertops, updated cabinets, a new sink and faucet, a range with vent hood, and a large refrigerator with bottom freezer. It's fully equipped with a dishwasher and everything you need for everyday convenience.Upstairs, three generous bedrooms offer plenty of natural light, including one with a balcony overlooking the courtyard. The bathrooms have been refreshed with new quartz countertops, sinks, faucets, and a new tub/shower.Additional upgrades include a new furnace and attic insulation and ceiling fans with lights in each bedroom and the living room for year-round comfort. You'll also find new blinds in the living room and updated window treatments throughout, giving the home a cohesive, polished look.Practical features include a laundry area with a top-load washer and dryer, soft-water system hookups, and a 1-car attached garage with driveway parking.Enjoy nearby amenities such as the Ventura Aquatic Center, Kimball Park, Barranca Vista Recreation Center, and Saticoy Regional Golf Course--all with convenient access to shopping, dining, and the 101 and 126 freeways. Just 10 minutes from the Ventura Pier and Harbor, this home perfectly combines coastal living with everyday ease.The low HOA of $437/month includes access to a clubhouse, pool, spa, greenbelts, insurance, trash, sewer, and water--making this charming townhome a standout value in Ventura!
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
