14503 Colter Way Magalia, CA 95954
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About this home
Welcome to 14503 Colter Way — a peaceful retreat where fresh mountain air offers a calming escape from the hustle and bustle. This charming 3-bedroom, 2-bath home features just under 1,600 square feet of comfortable living space, nestled on a spacious quarter-acre lot. Step onto the large front deck and take in sweeping views of the property — the perfect spot to relax and unwind. This open-concept home is truly turnkey. You’ll find the spacious layout both inviting and highly desirable, enhanced by vaulted ceilings that add to the airy and open feel. A cozy fireplace serves as a warm focal point, perfect for relaxing evenings. The home has been well-maintained, featuring fresh interior paint, water-resistant laminate flooring (installed in 2024), and brand-new carpet in the hallway and bedrooms. The well-designed kitchen offers an abundance of counter space and cabinetry, perfect for all your cooking and storage needs. Featuring recessed lighting, a newer range, built-in microwave, stainless steel double sink, newer dishwasher and refrigerator, and a charming atrium window that fills the space with natural light. The kitchen opens to the dining and living room, making it the perfect spot for gathering with family and friends. Another feature you'll appreciate is the easy-to-maintain landscaping, along with plenty of room for your RV and toys, plus ample parking with a large, spacious driveway. Truly a wonderful home—whether it’s your first or you’re looking to downsize. Call your favorite agent today to schedule a viewing of this charming property!
Source: CRMLS #SN25195603
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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.