3236 Royal Oaks Dr Unit 5 Unit 5 Thousand Oaks, CA 91362
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About this home
Experience Elevated Living in the Heart of Thousand Oaks with a RARE opportunity to assume the existing FHA loan at a 3.25% INTEREST RATE!Step into this beautifully appointed 3-bedroom, 3-bathroom condominium ideally located in Thousand Oaks and built in 2019. Blending elegant design with everyday comfort, this residence is moments from premier shopping, acclaimed dining, scenic parks, and offers effortless access to freeways for everyday commuters. The open-concept main level is designed for modern living and seamless entertaining, featuring an expansive living and dining area that flows effortlessly into a gourmet kitchen. Sleek quartz countertops, high-end stainless steel appliances, and custom cabinetry come together to create a culinary masterpiece.Upstairs, the spacious primary suite offers a retreat, complete with a spa-inspired en-suite bath, generous closet space, and a private patio--perfect for unwinding in the evening. Two additional bedrooms provide flexible options for guests, a home office, or personal gym, while all three bathrooms showcase refined, modern finishes.Step outside to your Oak-shaded patio--an ideal spot for morning coffee or relaxed weekend lounging. Nestled within an intimate community, this home offers the perfect balance of tranquility and convenience.Opportunities like this are rare--where luxury, location, and lifestyle align so seamlessly. Schedule your private showing today and make this exceptional home yours!
Source: CRMLS #V1-31603
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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.