Welcome to 705 Forest Park Blvd in Oxnard, a rare opportunity to own a highly sought-after model in the desirable Market Street neighborhood of Riverpark--homes like this are seldom available. Built in 2012 by award-winning Shea Homes, this beautifully maintained residence offers 3 bedrooms plus a versatile loft, 2.5 bathrooms, and approximately 2,031 square feet of thoughtfully designed living space.Step inside to discover an open and inviting floor plan featuring Pergo flooring throughout the entire home. The spacious kitchen is the heart of the home, showcasing granite countertops, stainless steel appliances, abundant cabinetry, and seamless flow into the living room and adjacent den--perfect for both everyday living and entertaining.Upstairs, you'll find a convenient laundry room, a flexible loft space, and well-appointed bedrooms. The primary suite offers a private retreat with a walk-in closet, dual sink vanity, soaking tub, and separate walk-in shower. Additional upgrades include closet organizers in two of the three bedrooms.This home is loaded with valuable enhancements, including a tankless water heater, whole-home water filtration system, and a 220V line in the garage. The attached two-car garage is a standout feature, complete with built-in workbench, cabinets, shelving, and a Flo wall organizer system. A Ring security system is also included for added peace of mind.Enjoy Southern California living with charming outdoor spaces, including a welcoming front porch and a private courtyard off the kitchen with a pergola--ideal for relaxing or entertaining.Located in the vibrant Riverpark community, residents enjoy close proximity to The Collection, offering shopping, dining, and entertainment including a movie theater. The home is also within walking distance to highly rated schools, including a sought-after K-8 STEAM-focused school known for its strong academic performance and innovative curriculum, as well as nearby parks and scenic walking trails, with convenient freeway access.VA approved. Don't miss your chance to experience the exceptional lifestyle that Riverpark has to offer
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.
