4BR/2BA home in Thousand Oaks. Remodeled kitchen, solar, custom closets, raised garden beds, and covered patio on 7,840 SF lot.Thoughtfully updated inside and out, this single-story 4-bedroom, 2-bath home offers approximately 1,623 square feet of living space on a 7,840-square-foot lot in Thousand Oaks. Over the years, the property has benefited from a series of meaningful improvements that enhance functionality, comfort, and everyday enjoyment.The remodeled kitchen serves as the centerpiece of the home, featuring extensive shaker cabinetry, quartz countertops, a large breakfast bar with seating, stainless steel appliances, an induction cooktop, double ovens, designer tile backsplash, and abundant storage. The kitchen opens naturally to the dining area, creating an inviting space for daily living and entertaining.Interior improvements completed in 2018 included updated flooring throughout, interior paint, custom closet systems, garage cabinetry, and modifications that improved the home's flow and usability. Recessed lighting, modern finishes, and built-in storage solutions contribute to a move-in-ready feel throughout the property.The spacious primary suite offers direct access to the backyard and includes a large custom walk-through closet with built-in organization systems. The en-suite bath features a walk-in shower, dual-sink vanity, and generous storage. Additional bedrooms provide flexibility for guests, work-from-home needs, hobbies, or other household uses.In 2019, a 16-panel LG solar system with Enphase microinverters was installed, and in 2022 the electrical panel was upgraded to 200 amps, providing added capacity for modern living.Outdoor spaces have been extensively enhanced with hardscape improvements, raised garden beds, native landscaping, retaining features, and multiple areas designed for relaxation and entertaining. A covered pergola patio creates an inviting outdoor dining space, while artificial turf provides a low-maintenance lawn area. Mature citrus trees, terraced planting beds, and productive garden spaces offer opportunities for gardening and outdoor enjoyment throughout the year.Additional features include a fireplace, attached 2-car garage with custom storage, indoor laundry area, and a convenient Thousand Oaks location close to parks, shopping, dining, schools, and everyday amenities.
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.
