1966 Vallombrosa Ave, Chico, CA 95926
3 beds · 2 baths · 1,698 sqft
Location, Location, Location! This BEAUTIFUL TURNKEY home is situated directly across from the serene Bidwell Park, offering stunning views and a lifestyle that embraces nature. With recent upgrades and a spacious open floor plan, this home is move-in ready! As you enter, you're greeted by luxury vinyl plank flooring and a large skylight that bathes the space in natural light. The living room boasts elegant tray ceilings, recessed lighting, and custom-built cabinets, providing both functionality and style. Step down into the cozy family room, where beamed ceilings, etched glass windows, and a gas fireplace to create a warm and inviting atmosphere. The kitchen is a chef’s delight, featuring granite countertops, white shaker cabinets, stainless steel appliances, and a dual fuel range. A charming dining nook offers picturesque views of Bidwell Park, perfect for enjoying your morning coffee while watching the wildlife among the trees. The primary suite is surprisingly spacious, with a beautifully tiled step-in shower with dual shower heads, marble dual sink vanity, and a private slider leading to the backyard and HOT TUB! The thoughtfully designed en-suite includes a separate toilet area for added privacy. The backyard is perfect for entertaining or relaxing, with a pergola-covered patio, a large side yard ideal for a garden or play area. The garage is fully insulated and equipped with its own mini-split unit for climate control. It features custom-built shelves, including a desk space with tailored electrical outlets, specialty lockers for gear, and ample additional storage. A stacked washer and dryer are paired with a utility sink, complemented by dedicated storage cabinets above and below. The floors are finished with a Polytech-style coating for durability. At the opposite side of the home is a container shed that has been updated to complement the home’s exterior. It includes a man door, a built-in workbench along one-third of a wall, and additional storage. Lighting and multiple outlets have also been installed for added functionality. Notable upgrades include OWNED SOLAR, new interior trim, doors, and hardware, as well as electrical, plumbing, HVAC (with a garage mini-split), attic insulation, whole house fan and carpet, all installed in 2019. This turnkey home is located just minutes from walking and biking trails, Big Chico Creek, Hooker Oak Park, and a scenic bike ride to downtown Chico. Don’t miss the opportunity to make this your forever home!
Source: CRMLS #SN25013778
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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
Source: CRMLS #SN25013778
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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.
How do I qualify for an assumable mortgage?
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.