STUNNING EVERYTHING! Extremely rare find! Exquisite gated property! Wonderful central location in beautiful Simi Valley. Walking distance to Vista Elementry School!! The best location on this wonderful street! Enormous value for the $$! Privacy galore! This beautiful home, and property, have been meticulously cared for, enjoyed, and loved in every sense of the word! Remodeled, updated and customized, all done with the utmost quality, taste and design. Light, open, airy! Gorgeous views of the exceptionally beautiful and detailed yards!! The attention to detail here is truly second to none Large picturesque windows in the living room, give the home, a much larger feel then its nearly 1300 square feet of space! The rooms are impeccable with expansive views of luscious green gardens, patios, Gazebos, Large swimmers pool, and beautiful stamped, stained concrete decking, and detailed through ought!( Even a vibrant herb garden with Jalapeno, cilantro, mint and artichoke plants blooming with artichokes! (The entire yard and property look much larger then the tax records show) Privacy and tranquility abounds! Just a few of the numerous amenities here are, an energy efficiant whole house attic fan, A Reverse Osmosis water filtration system for really clean drinking water. New tankless water heater , copper pipes with new drain line. Central refrigerated air, forced air heat New front door! Open concept kitchen, with bar seating for keeping the chef company! Beautiful custom wall tile to compliment the colors of the kitchen and the home.. Lovely Master bedroom, with a great walk-in closet and its own stunning Master bath. Exquisite, entertainers backyard with Pool Gazebo, plants, amazing patio cover, meticulously cared for plants and trees, yards are truly magnificent!
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.
