3845 Bayside St Simi Valley, CA 93063
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About this home
RECENTLY REDUCED PRICE FOR QUICK SALE! MUST SEE! Beautiful SINGLE-STORY Home situated in a very sought-after neighborhood in Simi Valley CA! It comes with 4 bedrooms, 2 full bathrooms, an open layout design with a newly remodeled kitchen, an attached 2-car garage, and a covered patio in the backyard! The front landscaping on this 5,000-SqFt lot has been re-designed with artificial turf for year-long low maintenance and colorful curb appeal. Upon entry, you will be welcomed with its high ceiling, recessed lighting and newer laminate floors installed 2 years ago. The living room includes a cozy fireplace thats great for entertaining. Delight in the ample cabinetry, built-in appliances, spacious dining area, and a modern set kitchen island and breakfast bar. Each bedroom comes with ceiling fans and built-in closet storage while the primary bedroom also includes an attached bath complete with walk-in shower. This home comes with SOLAR PANELS installed in 2021 that will be included in the sale. Centrally located to nearby popular restaurants, shops, businesses, Bed Bath & Beyond, Walmart, the Sequoia Park, Santa Susana High School, the 118 freeways and much more! Welcome to your new home.
Source: SANDIEGO #SR25145244
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Close stress-free in 45 days, handled start to finish by Roam.
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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.