63 Our Way Chico, CA 95973
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About this home
This incredible home sits on a beautifully landscaped 1-acre lot tucked away on a quiet cul-de-sac just outside of town. Its not often a brick home like this comes on the marketespecially one that has been so lovingly updated throughout. Inside, youll find a well-designed floor plan with two spacious living areas including a cozy family room and a stunning living room featuring wood-beamed ceilings and a brand new pellet stove with a floor-to-ceiling surround that heats the entire home. The kitchen has been beautifully remodeled with granite countertops, stainless steel appliances, soft-close drawers, an island, and plenty of cabinet space. Just off the kitchen is a large laundry room with a half bath and access to the garage. Down the hall are two comfortable guest bedrooms, a full guest bathroom, and a private primary suite with an en-suite bathroom and walk-in closet. Additional interior updates include new flooring, R49 attic insulation, a Bluetooth-enabled attic gable vent, newer HVAC, PEX plumbing under the house, a tankless water heater, hot water recirculation, and more. Outside is just as incredible as inside! The backyard feels like your own private park, perfect for entertaining or relaxing, with expansive lawn areas, mature trees, a huge patio, hot tub, play structure, horseshoe pit, firepit, and garden area. Beyond the backyard, separated by a fence, is even more usable space with room for all your toys, plus a 25x35x8' fully insulated shop with A/Cideal for a workshopand a second 12x24 shop with charming knotty pine walls. Other exterior features include fresh exterior paint, new landscaping, a new well pump, two 16 gates for easy access to the shop area, RV parking with power, and so much more. And to top it all off, the home comes with owned 6,500-watt solar, helping you save on energy costs while enjoying everything this remarkable property has to offer. This one truly has it allspace, comfort, charm, and functionality!
Source: SANDIEGO #SN25109915
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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.