48 N Katherine Dr, Ventura, CA 93003
3 beds · 1 baths · 1,128 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Rare opportunity to find such a beautiful home in the historic Cunhane neighborhood of Mid-Town Ventura. Located on a spacious lot with a huge driveway, the possibilities are endless if you ever wanted to expand or possibly add another unit. Built in 1940 during a boom time for bungalow architecture, the home still maintains its' original charming facade and architectural features. A gorgeous three panel cut glass window, stacked stone facade and raised entry welcome you in. With almost museum like features, the white walls against the gorgeous original hardwood floors create a canvas for you to create your dream home. Bathed in light, the living room still has the original fireplace. A formal dining room is located between the living room, the family room and the kitchen. For those looking for a third bedroom, check out the possibility of converting the spacious family room. The galley kitchen has been upgraded and is flooded with light from numerous windows. New LVP flooring, cabinets, counters, and appliances make this a wonderful space. Both bedrooms still feature the original hardwood floors and large picture windows. The charming bathroom has ceramic tile, a pedestal sink, tub and shower. Living in Ventura is like no where else. The pleasant year-round climate encourages endless outdoor activities. Built for California living, the backyard is set up for entertaining. A huge lawn is perfect for the dogs, huge BBQ parties, or simply relaxing in your own secluded enclave. A detached two garage is both functional and a huge opportunity. Come see why living in Ventura is so sought after and why this Mid-town neighborhood is the place to be. Within minutes to downtown shopping, restaurants and of course, world class beautiful beaches and surfing. Please note that this home currently is configured as a two bedroom. The seller is willing to entertain building a closet in the den to convert it.
Source: CRMLS #225001114
Source: CRMLS #225001114
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.