Located in the highly sought-after Wildwood neighborhood of Thousand Oaks, this beautifully updated four-bedroom home blends style, comfort, and scenic surroundings on a large corner lot. A stunning new double-door entry opens to the formal living room featuring vaulted ceilings, custom lighting, and an elegant dining space.The recently remodeled gourmet kitchen showcases white cabinetry, quartz countertops, a glass subway tile backsplash, farmhouse sink, custom lighting, countertop seating, and stainless steel appliances including a gas range with hood, double oven, microwave, and dishwasher. The adjoining family room offers an inviting space filled with sunlight to relax while taking in picturesque backyard and breathtaking mountain views.Additional upgrades include designer interior paint, newer bamboo flooring, a refinished fireplace, dual-pane windows with plantation shutters, central A/C, closet organizers, recessed lighting, and a new electrical panel with EV charging in the garage.Step outside to your resort-style backyard oasis--perfect for entertaining--featuring a built-in BBQ with bar seating, outdoor gas fireplace lounge, private spa, custom lighting, and drought-tolerant designer landscaping. Enjoy mornings with a cup of coffee in the spa while looking at the fog over the Santa Monica mountains. Situated on a private corner cul-de-sac lot with an attached oversized two-car garage.Enjoy the very best of Conejo Valley living with nearby hiking trails like Wildwood Regional Park and Paradise Falls, award-winning public schools, premier shopping and dining, and convenient access to the 101 freeway--all just minutes away and 26 short miles to LA city.
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.
