268 Galway Ln, Simi Valley, CA 93065
4 beds · 3 baths · 2,229 sqft
Welcome Home! This 4-bedroom, 3-bathroom home is a perfect blend of modern elegance and warmth, nestled in one of Simi Valley's most sought-after gated communities. Step inside to an inviting open-concept layout, where high ceilings and abundant natural light create a spacious yet cozy atmosphere. The open kitchen is a chef's dream, featuring an expansive island, beautiful cabinetry, premium appliances, and a seamless flow into the family room perfect for entertaining or unwinding by the fireplace. Beyond the main living areas, this home offers lots of storage, & a dedicated office space, ideal for remote work or creative retreats. Upstairs, the convenience of a laundry room makes everyday tasks effortless. The primary suite feels like a private wing, complete with a sitting area, a walk-in closet, & an en-suite bathroom. Step outside to a meticulously manicured back patio, designed for both relaxation and entertaining. Whether enjoying a quiet morning coffee or hosting a gathering, this outdoor space is an extension of the home's inviting charm. Located within a secure gated community with a private park, this home offers exclusivity and tranquility while being just moments from top-rated schools, shopping, and dining. Don't miss the opportunity to experience this exceptional property schedule your private tour today! TEXT Listing agent names for registry & to schedule an appointment. Pre approval OR proof of funds are required prior to showing.
Source: CLAW #25511715
Financials
Source: Public records
Source: CLAW #25511715
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.