549 Silver Leaf Dr Oroville, CA 95966
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About this home
NEW PRICE!! Welcome to Kelly Ridge! This spacious 1980 MH has a 433A foundation, a unique floor plan & is aprox. 1883 sq. ft. 3 Bedroom/2 bath.+ bonus room downstairs, w/ez access to carport & fenced back patio! Street level entry on Silver Leaf, leads into covered enclosed porch & partitioned storage room with many shelves! Large living room joins separate dining room, built-in buffet. Kitchen has Electric range, Microwave, Dishwasher, a Breakfast bar, lots of cupboards! Off kitchen, find laundry room, w/utility sink & shelves for pantry items & a Jack & Jill bath w/step-in shower, joins hall to back bedrooms. Also, off kitchen, find landing w/access to a balcony porch & stairs down to high ceiling bonus room. A bank of windows overlooks back shaded patio. An Elec. "decorative" fireplace heater is there, as well as an AC wall unit for that space. Guest Bedroom & 3rd bedroom, now used as an office, are both good size! Primary bedroom is large w/an amazing, huge, walk-thru closet, behind a built-in "chest of drawers", with mirrored doors on each side. Also, find an exit to another outside balcony! Primary bath features dual sinks, soaking tub, separate shower, spacious! HVAC has recently been replaced, and laminate flooring was added several years ago. There is a GOLF Cart garage, w/ overhead door, which can be a workshop or storage, and there is a GREENHOUSE/Potting shed area for those gardening adventurists! There's a Whole House fan, an Attic fan & a timer on the water heater, installed. WATER IS PROVIDED BY South Feather Water & Power Agency: the lowest cost in our area! Lots of storage, built-ins thru-out. Property calls for imagination & is mostly in it's original design, a perfect palette for your ideas! RV parking potential! Just moments to Lake Oroville Boat launches ~ So much recreation in our beautiful Butte County! Seller is doing a few more projects & sorting/packing. Buyer to investigate all aspects of property to contractual satisfaction. Contact your favorite REALTOR/Agent TODAY to view this property!!
Source: SANDIEGO #OR25114211
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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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