6487 Perry Rd Magalia, CA 95954
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About this home
Shop lovers, this one’s for you! This property features a 2-car attached garage, an additional 1.5-car detached garage, and a large 24x36 shop that can easily accommodate up to 4 vehicles—perfect for all your projects, toys, and storage needs. The 3-bedroom, 2-bath home also offers a versatile bonus room currently used as a formal dining space. Enjoy the cozy gas fireplace in the open living room, and cook with ease in the spacious kitchen featuring tile counters, a breakfast bar, and plenty of prep space. The master suite boasts a coffered ceiling, two closets, while both bathrooms include attractive tile counters and surrounds, jetted tub in master suite. An oversized laundry room provides abundant cabinetry and a convenient folding counter. Step outside to a rear deck overlooking 1.22 wooded acres—your own backyard retreat with multiple sitting areas t hat make it feel like camping at home. Additional highlights include a greenhouse, RV parking with dump hookup, and plenty of room to spread out and enjoy. TOP 5 Check List-The Ultimate Shop + Home Combo! 1.Work. Play. Park Everything Here. 2. Your Dream Shop Awaits. 3. Garage Goals? Achieved. 4. Where Big Shops Meet Big Smiles. 5. Work. Play. Park Everything Here. Call for private viewing today! "Your Dream Shop Awaits." "Garage Goals? Achieved." "Where Big Shops Meet Big Smiles."
Source: CRMLS #SN25183677
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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.