620 Ivywood Ln # F, Simi Valley, CA 93065
3 beds · 3 baths · 1,579 sqft
Large 2 story townhome at ‘Village on the Green’ in highly sought after Wood Ranch neighborhood with easy access to Wood Ranch Elementary, shopping, dining, golfing, parks and lake, hiking trails and natural beauty. Enjoy the sunset and sweeping views of the mountains and Wood Ranch Golf Course on your private terrace. HOA includes Spectrum internet, cable box, trash, Earthquake and Wildfire insurance, maintenance of lush green laws and landscaping, gated Pool/Spa, and offers plenty of onsite parking and guest spots. The private 2 car Garage with 220V (for electric car charging capabilities) and a large heater for plenty of hot water, attached to unit and accessed directly through gated front patio area, which is privately tucked away from the street — Wide entrance foyer — lots of storage everywhere, including closet under the stairs. Tiled LARGE kitchen, flooded with bright natural light offers plenty of storage, floor-to-ceiling cabinets, a Bosch dishwasher, GE stainless steel appliances, stainless steel double sink, granite countertops, bar counter and stone backsplash — Plenty of extra open space for an office or breakfast table within kitchen. Open living area features fireplace — Dining Room opens to large terrace/back patio — IN UNIT Laundry room with storage — cascading stairs with skylight above — built-in cabinets and generous landing & hallway offer yet another opportunity for functional space — Both secondary bedrooms offer large closets with mirrored sliding doors and large windows that open up above the front entrance patio below. Finally, the primary bedroom features built-in, walk in closet, en-suite bathroom, Kohler double sinks, soaking tub, wainscoting, and high vaulted ceilings with Palladian window which frames the stunning view. Welcome to the Wood Ranch lifestyle! (Call agent to schedule showings or to discuss the VA assumable loan for Veterans)
Source: CRMLS #SR25021414
Financials
Source: CRMLS #SR25021414
Source: Public records
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%. 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.
Other resourcesWhat 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.