4 La Palma Dr, Oroville, CA 95965
3 beds · 3 baths · 1,806 sqft
Discover the perfect blend of style and functionality in this 1800+ sq ft 2006 home offering OWNED SOLAR, a Blink Security system, a very spacious layout with natural light and modern fixtures. There is ample granite kitchen counter space, a walk-in pantry, newer stainless-steel appliances and a breakfast bar perfect for casual dining. The dining area can accommodate a large table and chairs for large gatherings. French doors open to the deck and the completely fenced backyard perfect for entertaining, a play yard and pets. The deck is equipped with the added bonus of a propane BBQ and comfy outdoor seating area. The delightfully oversized downstairs primary suite offers privacy, electric fireplace, flat screen tv and warm wood laminate flooring. The tiled floor and vanity compliment the primary bath that has a tub/shower combo and additional storage cabinet. The walk-in closet provides more desired space. Upstairs there are two oversized bedrooms and a huge second bath with plenty of extra storage. The newer washer and dryer are included and centrally located in the main hallway that leads to the guest 1/2 bath. This home is conveniently located IN THE CITY LIMITS, mere minutes to Hwy. 70. and within walking distance to the Feather River Fish Hatchery, quaint Historical Downtown Oroville and County services. You might consider checking into the City of Oroville First Time Home Buyers financing option. The home is move in ready. The Seller is motivated! You'll want to hurry for this opportunity!
Source: CRMLS #OR24253010
Financials
Source: CRMLS #OR24253010
Source: Public records
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%. 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.
Other resourcesWhat 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 “Get Notified” 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 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.