Truly one of a kind ARTISTIC GEM to call home.Priceless Value!Must be seen!Nestled in the beautiful City of Ventura, this artistic masterpiece is as beautiful as it is livable.Originally built in 1977, thoughtfully taken down to the studs by a prior owner & rebuilt new construction in 2003 as their dream home.Seller, is a well-known coastal artist who has lovingly put his artistic touches on this beautiful home over the last decade.He designed & made all of the hand-crafted & hand-placed tile throughout the interior & exterior.All of the tile was hand-formed, hand-fired & hand-glazed one at a time by the artist.Bringing in the pinnacle of the artists expression of tasteful creativity upon the canvas of an already high-quality home, he: tastefully & spectacularly adorned the 2-sided fireplace; added a beautiful backyard flowing bench; created a great room exterior front eave uniquely tiled as a classic beach awning; designed a custom mailbox with tiled address numbers; flowed his tile work into the kitchen backsplash & into the Master shower; he even made custom front yard pavers by repurposing Ojai ice cream containers.Here & there he selectively included European plates he first collected in Hungary during his pre-teens.His other art installations can be found throughout Ventura County (The Collection; Community Memorial Hospital; Seaward Avenue at the beach), as well as Huntington Beach, Lawndale & El Monte.There is simply not another home like this one.This home must be personally viewed to fully experience the priceless beauty the artist has incorporated throughout.7314 Wallaby exudes elegance, defines 'Turnkey' & says 'WOW'.An entertainer's dream, there are ample conversation areas both inside & out.Vaulted ceilings, skylights & French doors (with interior levolor's) bring light & air into this open & cheerful space.Gleaming Travertine marble floors everywhere.Eco-friendly Bamboo floors in the three rooms.Solid wood kitchen cabinetry, granite countertops & marble-top island.Wine fridge.Highly upgraded bathrooms.Smooth stucco exterior with concrete S tile roofing.This is a 3 Bedroom home if the Den meets your needs as an additional bedroom.Outside, you step into the perfect California outdoor space, an entertainers dream with custom tile bench & covered outdoor dining area.Seller has enjoyed what he felt was a safe, quiet & friendly neighborhood, with a linear park nearby.A one-of-a-kind hidden gem!Hurry, there is only one!
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.
