1558 Norwich Ave Thousand Oaks, CA 91360
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About this home
Welcome to 1558 Norwich Ave.! - a stunning 5-bedroom, 2-bathroom, 2,065 sq ft mid-century modern style home located in the highly sought-after Shadow Oaks neighborhood of Thousand Oaks. This gem boasts charming curb appeal, a classic double-door entry and beautifully blends timeless design with modern updates. Step inside to find Spanish tile flooring, exposed beam ceilings, stylish light fixtures, bold accents and floor-to-ceiling windows that bathe the home in natural light. The inviting living room features a large brick fireplace--perfect for cozy evenings. Enjoy the spacious kitchen offering quartz countertops, stainless steel appliances, a farmhouse sink, breakfast bar, recessed lighting and unique folding kitchen windows that create a seamless indoor-outdoor flow--ideal for entertaining with a convenient pass-through to the backyard. The primary suite is a private retreat showcasing an updated ensuite bathroom. Four additional bedrooms (one with a large glass slider leading to the backyard), a beautifully upgraded guest bath, laundry room with ample storage and a direct-access 2-car garage complete the thoughtfully designed interior. Outside, relax in your very own backyard oasis with a sparkling pool, sun deck, garden with lemon & peach trees, a detached air-conditioned workspace/art studio (with a window) as well as plenty of space to unwind. Centrally located near shopping, dining, award-winning schools, parks, hiking trails and more - welcome home! *Additional amenities include - freshly painted interior/exterior, solar, newer HVAC/ducting & plumbing.
Source: CRMLS #225005301
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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.