115 Stringtown Rd, Oroville, CA 95966
3 beds · 2 baths · 1,738 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Tranquil Country Retreat on 11.8 Acres – A Slice of Paradise! Escape the hustle and bustle and embrace the beauty of nature in this stunning 11.8-acre property. A rare gem, this peaceful retreat offers breathtaking open meadows, a large natural pond—fed by seasonal rains—perfect for canoeing, and a charming gazebo with a walking trail wrapping around its serene setting. At the heart of the property sits a warm and inviting 1,738 sq. ft. home with 2 bedrooms, 2 baths, and a versatile office that can easily serve as a 3rd bedroom. The open floor plan welcomes you in with soaring cathedral ceilings, a cozy wood-burning stove, and a spacious kitchen that seamlessly connects to the living and dining areas. The master suite is a true retreat, featuring a large sliding glass door that leads to the expansive wraparound Trex deck and a spa-like ensuite with a walk-in shower and closet. This property is designed for those who love the outdoors, offering gated entry, a garden area, a decorative pond, and ample space for animals or hobbies. The land is fully fenced and cross-fenced, making it ideal for horses or livestock. For added convenience, there’s a generous shop, a 576 sq. ft. attached 2-car garage, two carports, a dog run, pens with sheds, and multiple chicken coops—plenty of room for all your animals and toys! Enjoy the best of the country living with privacy, space, and endless possibilities. Whether you're looking for a peaceful getaway, an equestrian paradise, or a homestead dream, this property has it all!
Source: CRMLS #SN25062006
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #SN25062006
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.