3409 Wolf Creek Rd Clearlake Oaks, CA 95423
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About this home
Spacious and beautiful 2,810 sq ft custom home in Spring Valley on just under an acre of property. Home features 3beds, 3baths, living room with propane fireplace, big open kitchen with granite counters and kitchen island, huge downstairs area currently being used as a game room with built in bar, wood stove, pool table included, partially furnished, and bonus room. There is also an additional 10x21 storage area below with full power running to it currently being used as a meat room. You will also enjoy the huge wrap around deck perfect for entertaining or just relaxing and enjoying the view. Home is crossed fence and includes chicken coop and dog kennel so bring your animals along with you. You can enjoy a simple walk from right in your back yard to the seasonal creek where you will find plenty of swimming holes. Adjacent to you is the dirt road to get to BLM land and Indian Valley Reservoir, perfect for hunting and riding, so you can just ride your side by side, dirt bike, or quad right out of your garage. The Spring Valley HOA fee is just $18/year and that includes a picnic area with BBQs, playground, disc golf, community center which also has a bar and hosts karaoke nights, Baseball Diamond, and a key to the campground with seasonal creek. Less than 5 miles from spring valley market and just 15 miles to the town of Clearlake.
Source: CRMLS #LC25234924
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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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