5251 Davidson Dr, Oxnard, CA 93033
3 beds · 3 baths · 1,507 sqft
This home in the Westwinds Community combines comfort, style, and convenience, making it an ideal choice. The HOA fee of $127 covers commons areas and front yard landscaping .Comfort: Spacious layout and open-concept design ensures everyone can find their own corner to unwind.Cozy Atmosphere: The home has east and west natural light and easy access to the backyard, creates a warm and welcoming environment for both family and friends.StyleModern Design: The living spaces are on the first floor with bedrooms and two of the three baths upstairs.Personal Touches: Each bedroom offers the opportunity for personalization, allowing residents to adapt them to their unique style.Convenience: Residents have easy access to local amenities, including shopping centers, restaurants, and recreational facilities.Community Features: The Westwinds Community is a highly desirable and it's a very stable community with few sales in the past few years.Perfect for Any Occasion: Whether you're entertaining guests in the spacious living area or enjoying a quiet evening in the compact and private backyard, this property provides everything needed for modern living. It's a place to create memories and enjoy life to the fullest.This home in the Westwinds Community is more than just a residence; it's a lifestyle choice that offers a blend of comfort, style, and convenience.Pets: Residents may have up to two (2) dogs, cats, birds, other customary household pets or anycombination thereof and must be on a leash if outside the property.
Source: CRMLS #V1-28393
Source: CRMLS #V1-28393
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.