520 Wilshire Ct Unit 52 Chico, CA 95973
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About this home
Welcome to 520 Wilshire Ct, a charming single-level home nestled in the peaceful Woodcrest community. This 2-bedroom, 2-bathroom gem WITH Leased SOLAR offers 1,225 sq ft of comfortable living space and three serene, shady patios surrounded by lush greenery, blooming flowers, and a soothing fountainperfect for your morning coffee or relaxing evenings Step inside to a bright living room with a large window, 2 solar tube, a cozy gas fireplace, and direct access to the patios. The spacious primary bedroom features a sliding glass door to a private patio and an updated en-suite bathroom with a walk-in shower, large vanity, and modern fixtures. Both bathrooms have been tastefully remodeled with custom tile, new flooring, and upgraded tubs and showers. The kitchen boasts freshly painted cabinets, stylish new knobs, travertine flooring, a new window, and a custom sliding glass door with a built-in pet opening. A brand-new door leads from the kitchen to the attached 2-car garage for added convenience. Enjoy the community pool on hot summer days and let the HOA handle the detailsincluding exterior maintenance, structure insurance, water, sewer, fencing, landscaping, and pool upkeep. This beautifully maintained home offers privacy, comfort, and low-maintenance living in a highly desirable neighborhood.
Source: SANDIEGO #SN25133488
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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.