28580 State Route 70 Twain, CA 95984
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About this home
Set on the banks of the Feather River you will find this one-of-a-kind river front offering. Located in the quaint community of Twain this property is a showcase of mountain living. This oasis is situated on 1.46 acres of riverfront property that seamlessly blend with the tranquil home and accommodating guest quarters. The home has been improved with a great pride of ownership. You are welcomed by warm wood accents, airy vaulted ceilings, and windows with river views throughout- welcoming in the mountain air. The remarkable kitchen offers a place to craft warm meals while enjoying company in the open great room. Stepping through arched doorways in to the sunken living room, you will immediately feel at ease with vaulted exposed beam ceilings, rich wood accents, a BlazeKing Princess wood-stove, river views and direct access to the riverside deck. The bathroom is tastefully fitted with tile throughout and accented with first class fixtures. Down the hall you will find a warm and spacious guest bedroom as well as the master bedroom complete with its own bathroom and direct access to the riverside deck. Your guests will appreciate the detached guest quarters that is complete with its own sitting porch, clawfoot tub, and flanked with pine throughout giving it a true mountain getaway feel. It has seen great success on AirBnB, offering income potential to the property. Outside you find that river views are a standard feature whether enjoying them from the expansive deck, rolling lawns, or down the steps to the private beach and sandy river bottom. Surrounded by a variety of trees you will find this property to be beautiful and lush year-round with thoughtfully crafted and meticulously maintained landscaping. Nearby amenities are the 1million+ acre Plumas National Forest, the Feather River Hot Springs, and Twain General Store. A 20minute venture will get you to the stunning and historic mountain town of Quincy, CA. The property is ready to serve as your private estate, unique income property, or launchpad to the outdoors!
Source: CRMLS #SN25234500
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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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