2059 Veracruz Ln, Oxnard, CA 93036
3 beds · 3 baths · 1,400 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Nestled in the sought-after Monterey at Harborside gated community, this beautifully updated home offers the perfect blend of style, comfort, and convenience. Step inside to discover engineered wood-like flooring that flows seamlessly throughout, creating a warm and inviting ambiance. The living room fireplace provides a sense of comfort, establishing a cozy and welcoming atmosphere. The open and spacious floor plan, enhanced by the removal of select walls, effortlessly connects the living room, kitchen, and dining areas. Large windows and sliding glass door let in tons of bright sunlight. The kitchen has a designer's touch, featuring granite countertops, stylish shelving, and a remodeled functional layout. Elegant wainscoting adorns many walls in your home to be, adding a touch of sophistication, while crown molding provides an extra layer of charm. The spacious primary bedroom is complete with a chic rolling barn door. Additional storage in the indoor laundry room adds practicality to everyday life. Outside, the low-maintenance hardscaped yards are framed by privacy trees on both sides of the property, offering a serene and secluded retreat. Location is everything, and this home does not disappoint. Situated within walking distance to shopping and dining. Only about one mile from the premier Collection shopping center.
Source: CRMLS #V1-28727
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #V1-28727
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.