4212 Gettysburg St, Ventura, CA 93003
5 beds · 3 baths · 2,839 sqft
This spectacular 5 bedroom, 3 bath, home, nestled above Ventura College, at the end of gorgeous Gettysburg Street in a very child friendly cul-de-sac. In addition to enjoying the perks of no backyard neighbors, this wonderful home is situated on an elevated lot, which provides extra noise reduction from Loma Vista (only 2 lanes here, not 4). Spend time in the private jacuzzi while taking in the natural beauty of this gorgeous Ventura gem in a highly sought-after neighborhood. This 2,839 square foot home features a kitchen with new quartz countertops, professional grade appliances, and an abundance of storage. Skylights adorn the extra vaulted ceilings in the living room, and the dining room's dual sided fireplace and built-in bar are sure to make for great entertaining in this bright and airy home. The homes' four bedrooms- including one ensuite with an amazing spa like shower- are all conveniently located on the ground floor, with an added bonus bedroom on the second level. Seller has a JADU conversion design by adding closet and bathroom in attic, next to fifth bedroom. Side door with enclosed stairwell completes separate entrance. Ask about the 2-bedroom 1 bath ADU design as well! The exterior of this lovely home was recently repainted, new vinyl windows were recently installed, and plumbing fixtures have been updated! Come imagine the possibilities in this peaceful and charming home!
Source: CRMLS #V1-28198
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: CRMLS #V1-28198
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “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.
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 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.
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