4540 Mill Valley Rd Moorpark, CA 93021
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About this home
Welcome to 4540 Mill Valley a rare Portofino model located in a highly desirable Design Editions tract of Moorpark. Situated on a private 14,600 square foot flag lot, this home is set back at the end of a beautifully maintained tree-lined private driveway with parking for at least three vehicles in front of an attached two-car garage. This spacious Four bedroom. three bathroom home includes a downstairs Flex/ Space and an adjacent three quarter bath- ideal for guest or a home office.The kitchen and all the appliances were updated approximately five years ago, and the home features newer dual-pane windows. a recently tuned-up roof. a tankless water heater, and a newer Furnace. The upstairs laundry room adds convenience, and there's a loft area with a built in desk perfect for a workspace or quiet retreat. Additional highlights include custom plantation shutters, vaulted ceilings, two fireplaces, and bright open layout with abundance or natural light. The backyard is perfect for relaxing or entertaining, with newly fresh sod, fruit tree and garden area,,covered two patio areas, and plenty of space. The home is equipped with a Tesla solar system, and two Powerwall batteries a monitored alarm system, sump pump drainage system maintained annually, fresh interior and exterior paint. The spacious primary suite features double door entry, vaulted ceilings, a walk-in closet, full bath with skylight, and large windows with plantation shutters.There are three additional bedrooms upstairs with a full bath in the hallway.Located near top-rated schools, transportation, the Metrolink, and the new exciting High Street Depot, with shops, restaurants, parks, tennis courts, and a theater. This home offers ideal balance and privacy, comfort and convenience , Homes in the tract rarely come on the market-don't miss this opportunity.*VIRTUALLY STAGED/ ROOM FOR POOL*
Source: CRMLS #225002744
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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.
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