370 Oakvale Ave Oroville, CA 95966
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About this home
This charming 3-bedroom, 2-bathroom home blends comfort, efficiency, and a stunning outdoor setting with OWNED SOLAR and a back-up battery. Set on a lot with a true parklike feel, you’ll love the mature trees, lush green lawn areas, and raised garden beds that create both beauty and functionality. Inside, the open and airy floor plan immediately feels inviting. The spacious living room is filled with natural light and anchored by a charming white brick wood stove, perfect for cozy evenings. The kitchen is well-appointed with stainless steel appliances, a gas range, tile counters, and plenty of cabinet space, while the breakfast bar adds a casual spot to gather. Just off the dining area, you’ll find a versatile bonus room that can easily serve as a sunroom, home gym, hobby room, or additional living space—the choice is yours. The primary suite offers a private retreat with a generous closet and a beautifully updated bathroom featuring a walk-in tiled shower and oversized vanity. Two additional bedrooms, a full guest bath, and an indoor laundry room provide comfort and convenience for everyday living. Practical upgrades make this home stand out: a VA assumable loan opportunity, a 2019 roof with 20 solar panels, and a Sonnen battery backup system deliver energy savings and peace of mind. The attached two-car garage and ceiling fans throughout add to the home’s functionality. Out back, the covered patio sets the stage for entertaining and summer barbecues, while the spacious yard offers room to relax, play, and garden to your heart’s content.
Source: CRMLS #OR25190391
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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.