2047 Euclid Ave Camarillo, CA 93010
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About this home
VA Assumable Loan at 2.5% interest rate. Conventional Financing Available with as little as 3% downpayment. Welcome to this desirable end building unit that is spacious and well-appointed, ideally located in the heart of Camarillo. This home offers a thoughtful layout designed for comfort, functionality, and modern living.The main level features a large, inviting living room complete with a cozy stone fireplace and sliding glass doors that open to a private pati, perfect for outdoor gatherings or quiet relaxation. The adjoining kitchen boasts generous counter space, rich cherry wood-style cabinetry, a large dual-basin sink, and a spacious dining area ideal for entertaining.On the first level, you'll find direct access to a two-car garage and a versatile bonus space that can be transformed into a home office, gym, or craft space.Upstairs, the expansive primary suite offers a peaceful retreat with its own private bathroom, featuring a walk-in shower, his and her sinks, and abundant closet space. A second generously sized bedroom is also located on this level, along with a full, separate bathroom for added convenience.This lovely home is part of a well-maintained community that includes amenities such as a sparkling pool, relaxing spa, and RV parking. Conveniently located near top-rated schools, shopping centers, parks, and more, this property combines comfort, style, and location.Don't miss this opportunity to make this exceptional townhome your own!
Source: CRMLS #V1-32230
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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.