11381 Cid St Ventura, CA 93004
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About this home
So-Cal living at its finest! Move-in ready. Prime Location. No HOA. RARE OPPORTUNITY to own this spectacular home! Located on an oversized, south-facing, corner lot in the desirable Country Groves Subdivision. Owners spared no expense with smart improvements and upgrades, including OWNED solar, central air conditioning, primary suite expansion, low maintenance outdoors, and two large Tuff Sheds. As you enter the vaulted and airy living room, you will notice the home has just been professionally painted, has new Levelor blinds and new carpeting. The kitchen opens to the dining area and family room creating the perfect setting for gatherings and conversation. Unwind and enjoy the expanded primary suite featuring a gas fireplace, sitting area as well as a large spa-inspired bath. Other luxuries include motorized shades, plantation shutters and an abundance of storage with a large linen cabinet, and three closets. The outdoor area is thoughtfully laid out to be a tranquil oasis yet can accommodate large gatherings with a wraparound patio, covered back porch with natural gas connection, outdoor sink, and a pergola over the level spa pad. Delight in your own mini-orchard with five mature fruit trees: Fuyu Persimmon, Beverly Hills Apple, Cara Cara Navel, Valencia Orange, and Meyer Lemon. The lower terrace is ideal for raised-bed gardening. Two Premier TUFF SHEDs (8x15 & 6x12) with electricity offer ample space for hobbies, storage, or a workshop.The three other bedrooms upstairs offer versatility to design your best living. The larger fourth bedroom with premium LVP flooring is ideal as an office or flex space.Premium upgrades include hot water recirculating system, new water softener and water heater, two alkaline RO units, 220V/50A spa circuit, Onrax garage storage, as well as an Orbi Mesh WiFi and NEST thermostat. Owners enjoy INSURANCE DISCOUNT due to upgraded fire sprinklers & concrete tile roof.Every upgrade was chosen with care. Step inside and feel how effortlessly this house becomes a home.
Source: CRMLS #V1-31237
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.