1690 Connell Ln Paradise, CA 95969
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About this home
Wow! Talk about affordable living. This cozy home might be just what you’ve been looking for. It offers approximately 749 square feet with 1 bedroom and 1 bathroom, all situated on a spacious 0.61-acre lot. Located in central Paradise, you're close to shopping, services, and transportation. Built in 2007, this site-built home offers many great features including dual-pane vinyl windows, cement siding, tile flooring, oak cabinets, solid surface countertops, a mini-split system for heating and cooling, and gas wall heaters for backup heat during power outages. French doors open to a large concrete patio with privacy lattice. The tankless water heater adds modern efficiency. The home is handicap accessible, with a ramp to the entry, no interior steps, and a curb-less walk-in shower. Outside you'll find a cross-fenced yard, 2 detached storage sheds, a dog run or pen area, fruit trees, and plenty of space for all your outdoor needs. With access from both Connell Lane and Kibler Road, there’s also potential for adding a second home, garage, or workshop—check with the Town of Paradise for development options. This lot even once held a second home before the Camp Fire. There is a 2nd gas/electric meter on site too. With nearby recreation including lakes, hiking, biking, fishing, and more, this property offers a great lifestyle at a great value. Take a look today—you might just decide to call this one home.
Source: CRMLS #SN25166833
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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.