4413 Park Mallorca, Calabasas, CA 91302
5 beds · 4 baths · 3,773 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Nestled in a private cul-de-sac within the highly sought-after Calabasas Park neighborhood, just a short stroll from the serene lake, this exquisitely remodeled home offers the perfect blend of refined elegance and modern convenience. Designed with attention to every detail, this 5-bedroom, 4 bathroom estate is a true private sanctuary. The home features impeccable design and function. The spacious primary suite, with two custom walk-in closets and a grand spa-inspired bathroom is a luxurious retreat. Two additional upstairs bedrooms both have private balconies and scenic views. Downstairs, two private bedrooms with a full bathroom provide flexibility for house guests, a home office, or older children. The main gourmet kitchen is an entertainer's dream, boasting stone countertops, WiFi-enabled appliances, and top-of-the-line finishes. A second 'back kitchen' offers additional ovens, a separate sink, and dishwasher, along with a private pantry, perfect for hosting seamless dinner parties. Calabasas is known for Resort-Style Outdoor Living and this home has it all. The remodeled pool and spa, connected via Wi-Fi, allow you to control temp, lights and features directly from your smart phone. The beautifully landscaped private backyard provides a tranquil escape for relaxation or entertaining. A custom pergola and outdoor dining area creates the perfect setting for parties and entertaining. Cutting-Edge Smart Home & Security. WiFi-enabled appliances and smart lighting provide great convenience and efficiency. Seven security cameras and an automatic private iron gate offer unparalleled privacy and peace of mind. A Sonos sound system with speakers throughout the house and backyard ensures an immersive audio experience in every space. The spacious three-car garage provides ample parking and storage space. The oversized NEW driveway doubles as a versatile space for guest parking and outdoor sports and recreation. This stunning property seamlessly blends sophisticated design, modern technology, and ultimate comfort. Don't miss the opportunity to own this extraordinary home in one of Calabasas' most prestigious communities! Call today to schedule your own private showing.
Source: CLAW #25521629
Learn about how it works
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
All values shown are estimated costs / mo.
Source: Public records
Source: CLAW #25521629
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 and Equal Opportunity Act.