551 Kelly Ave, Camarillo, CA 93010
3 beds · 2 baths · 1,208 sqft
Welcome to your move in ready dream home in the heart of Central Camarillo! This beautifully remodeled residence is designed for modern living and offers an array of impressive features that make it truly special. Step inside to discover a stunning remodeled kitchen equipped with stainless steel appliances and elegant granite countertops, perfect for culinary enthusiasts and gatherings. Beautifully remodeled bathrooms boast contemporary finishes, ensuring comfort and style throughout the home. Enjoy the warmth and elegance of crown molding, plantation shutters and the convenience of recessed lighting throughout, complemented by ceiling fans that enhance airflow and comfort.Stay comfortable year-round with central air conditioning and rest easy knowing that the home has extensive upgraded electrical panels and upgraded plumbing. Your security is enhanced with hardwired cameras/ security system providing peace of mind for you and your family.The gorgeous, low-maintenance yard is a true standout, featuring lush artificial grass that remains vibrant all year long, allowing you to enjoy outdoor living without the upkeep. The refinished garage showcases recessed lighting and epoxy flooring, making it not only practical but also a stylish addition to your home.With an oversized driveway and ample RV parking, you'll never have to worry about finding space for your vehicles. your RV/ boat or guests. Located in a friendly neighborhood, you'll have easy access to schools, parks, tennis and pickleball courts, and the aquatic center, making this home perfect for families and active individuals alike. Plus, you're just moments away from a variety of eateries and shopping options.This meticulously remodeled home is a perfect blend of comfort, style, and functionality. Don't miss the opportunity to make this beautiful home with tons of quality yours, come and experience all that this lovely Camarillo home has to offer.
Source: CRMLS #V1-28826
Financials
Source: Public records
Source: CRMLS #V1-28826
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.