440 Mariposa Dr Ventura, CA 93001
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About this home
Welcome to 440 Mariposa Drive, nestled in the scenic hills of Ventura with breathtaking panoramic views of the city and ocean. Built in 1999, this architecturally striking 4-bedroom, 3.5-bathroom home was inspired by the legendary Frank Lloyd Wright. Its hexagonal design, handcrafted woodwork, and exceptional craftsmanship make it truly one of a kind. Designed with sustainability in mind by environmentally conscious owners, the home features a copper roof ingeniously engineered to once direct rainwater into an underground well. Inside, the flexible layout features multiple rooms with private entrances ideal setup for rental income, guest accommodations, or multi-generational living. A spiral staircase leads up to a hexagon-shaped rooftop lookout, perfect for soaking in the 360-degree views of the ocean, city, and rolling hills. Each level also boasts wraparound decks, offering a place to hang out in the fresh air and take in the scenery without ever leaving home. Step outside to a beautifully landscaped yard filled with tropical greenery, fruit and olive trees that thrive in Ventura's ideal climate. The spacious deck, once graced by Jane Fonda herself, provides a special space for entertaining or unwinding under the California sky all while enjoying the endless views. With 3,517 sq ft of living space on a rare, fully usable 6,969 sq ft lot in the hills, the possibilities for outdoor enjoyment and customization are endless. This isn't just a home, it's a piece of art. A must-see! Seller is motivated!
Source: CLAW #25572931
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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.