1825 Palm Ave, Chico, CA 95926
2 beds · 1 baths · 1,054 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This darling 2-bedroom, 1-bath home is the perfect blend of vintage charm and modern upgrades! Tucked away in one of Chico’s most desirable central locations—the Avenues—this lovingly maintained home has had all the major updates taken care of for you. In the last 10 years, enjoy peace of mind with a new roof, updated electrical and plumbing, central heat and air with newer HVAC, insulation, gutters, and most recently, a brand new front fence installed in 2025. Step inside and fall in love with the warm wood floors that flow through most of the home, the charming built-in eat-in kitchen, and a convenient indoor laundry area. The inviting front porch is the perfect spot to sip your morning coffee and take in the neighborhood vibe. The detached garage, complete with a stylish barn door, provides great storage and adds to the home's character. Connected to city sewer and featuring a spacious backyard that's a blank canvas for your dream garden, entertaining space, or expansion—the possibilities are endless! Whether you’re a first-time buyer, downsizing, or looking for a turnkey investment, this home is just right in all the best ways. Don't miss your chance to own this storybook cutie in the heart of Chico!
Source: CRMLS #SN25069382
Source: CRMLS #SN25069382
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 and Equal Opportunity Act.