14665 Sherman Way Van Nuys, CA 91405
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About this home
$20,000 GRANT - This home qualifies!!! Current loan is a an assumable VA loan. Must be a veteran to assume the loan. Welcome to 14665 Sherman Way, a stunning 3-bedroom, 3-bathroom home built in 2014, offering a modern living experience in the heart of Van Nuys. With 1,401 square feet of well-designed space, this residence features high ceilings that create an airy and inviting atmosphere throughout. Step inside to discover a bright and open floor plan, highlighted by new carpet and fresh paint, making it move-in ready for you. The spacious living area seamlessly flows into the gourmet kitchen, which is equipped with sleek stainless steel appliances, beautiful granite countertops, and ample cabinetry, perfect for cooking and entertaining. The three bedrooms provide comfort and privacy, while the bathrooms are elegantly appointed with modern fixtures. One of the bedrooms is located on the main floor with the other 2 on the 3rd floor. The convenience of a stackable washer and dryer in the unit adds to the appeal of this contemporary home. Enjoy the ease of a 2-car garage, providing both parking and extra storage space. Outside, you’ll find a gated community with guest parking and a great community bbq/ picnic area. Located just moments away from shopping, dining, parks, and major freeways, this home is ideally situated for both convenience and leisure. With super low HOA dues ($187/mo) this home is affordable and ready for a new owner. The current loan is a VA loan which may be assumable by a new buyer. Contact agent for more details. Don’t miss the opportunity to make this beautiful property yours! Schedule a showing today and experience all that 14665 Sherman Way has to offer!
Source: CRMLS #SR25178936
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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.