13770 W Park Dr Magalia, CA 95954
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About this home
Looking for a fresh start in the pines? This one is it! Rebuilt in 2022 by well-known Chico builder Adam Birchard, this home brings quality, comfort, and a whole lot of style. The curb appeal is on point with its rock-and-stone front, custom front door, and easy-care landscaping (on drip!) that keeps things green without the hassle. Step inside and you’ll love the wide-open layout with a big living room up front and a cozy family room that flows right into the kitchen and dining nook, perfect for movie nights, game days, or casual dinners with friends. Check out the BRAND NEW CARPET that was just installed! The kitchen rocks stainless appliances, warm wood cabinets, and granite counters that shine. Throughout the home, you’ll find laminate floors, a pellet stove to keep you toasty, a Generac generator for peace of mind, and leased solar to keep the bills in check. Out back, no neighbors—just wide-open views of the disc golf course! Kick back on the oversized deck, fire up the BBQ, or just sip your coffee and soak it all in. And the best part? The POA here is loaded with good vibes: a pool, spa/hot tub, tennis courts, picnic spots, hiking trails, and a clubhouse where the fun never stops.
Source: CRMLS #SN25178965
Loan details
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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.