5714 Woodglen Dr Paradise, CA 95969
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About this home
How does a 4.75% ASSUMABLE FHA loan sound? How about a 1-year home warranty paid by the seller? AND NO CA Fair Plan? We have a current insurance quote for $1556/year - that's approx $130/mo. Welcome to 5714 Woodglen Dr., where charm, modern comfort, and a STUNNING backyard come together on just over half an acre in Paradise! Step inside to an inviting open floor plan with durable LVP flooring, sleek white shaker cabinets, and a huge butcher block island—perfect for casual meals or entertaining. The spacious kitchen offers generous storage, a small pantry, and a gorgeous backyard view from the sink. The living space is bright and open, making it easy to relax or host guests. Down the hall, you’ll find two generously sized bedrooms and bathrooms, including a primary suite with a walk-in closet and ensuite featuring dual vanities. The oversized two-car garage includes built-in cabinetry and a dedicated laundry area. But the true showstopper? The backyard. A peaceful, park-like retreat with mature redwoods for privacy and shade, a vibrant maple that blazes red in fall, and colorful blooms year-round. Eight rose bushes, bougainvillea, wisteria, aspens, and flowering trees add layers of beauty. For the garden lover, enjoy apple and mandarin trees, grapevines, berry bushes, two large vegetable beds, an herb garden, and even a butterfly bush to attract pollinators. Whether you’re hosting under the patio trellis with string lights or unwinding around the cozy firepit, this space is designed for both entertaining and everyday joy. Tree lighting and solar path lights create magical evenings. Plus, a fenced side yard offers RV, boat, or toy parking with plenty of space to add a shop or detached garage. And here’s the game changer: With an assumable FHA loan at 4.75% interest and 27 years remaining, you could save over $200,000 in interest over the life of the loan compared to current FHA rates. That’s real, long-term value—on top of everything this home already offers. Located in a quiet and desirable neighborhood, this one checks all the boxes—peaceful, practical, and truly special.
Source: CRMLS #SN25043910
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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.