9126 Foster Ln, Chatsworth, CA 91311
3 beds · 3 baths · 2,236 sqft
Absolutely amazing dream home located in the heart of the highly sought “Brezza" community, constructed in 2017. This rarely available floor plan, inspired by contemporary design themes throughout this fantastic home, shows like a model! This is a tastefully upgraded home. The kitchen has granite countertops with a center island, stainless steel appliances, custom cabinets, custom-engineered hardwood floors, plantation shutters throughout, Energy saving LED recessed ceiling lights, tankless water heater, energy-efficient windows and sliding doors, and custom paint throughout. Open and bright tri-story floor plan with over 2225 sqft, The first floor boasts a versatile room that can be adapted to your needs, whether as a 4th bedroom, gym, office, craft room, home theater or kids' play room. The property also features a patio for relaxing, barbecuing, entertaining or for children's play. The 2-car garage, with extensive built-in storage, offers ample space for all your belongings. On the second floor, you'll be welcomed by the expansive Family room, stunning granite countertop kitchen, modern appliances, and a large island seamlessly flowing into a spacious dining and living space. The third floor has a luxurious master suite featuring a walk-in closet and an elegant bathroom. Additionally, this floor includes two spacious bedrooms, a full bathroom, and a convenient laundry room. The home is equipped with modern appliances, including a washer and dryer, refrigerator, solar-ready features, Tesla Level 2 charger, and efficient AC/heating units ensuring comfort. Conveniently located near grocery stores, shopping centers, fine dining, public transportation, the Topanga Village (less than 5 minutes), 118 & 101 Freeways, and much more...
Source: CRMLS #SR25003052
Financials
Source: Public records
Source: CRMLS #SR25003052
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.