4160 Cherokee Rd, Oroville, CA 95965
3 beds · 2 baths · 2,016 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Experience breathtaking panoramic views from this incredible 3-bedroom, 2-bath home situated on over 32 acres of land spread across three separate parcels. Built in 2005, this spacious 1,920 sq. ft. home features a well-designed split-bedroom floor plan that offers both comfort and privacy. The inviting interior includes a generous living room filled with natural light, a dedicated office area with a convenient computer station, and a bright dining space perfect for gathering with family and friends. The well-appointed kitchen boasts a double basin sink, a gas range, a spacious kitchen island, a dishwasher, a microwave, recessed lighting, a pantry for extra storage, and a sliding door that leads to the patio area, creating a seamless indoor-outdoor living experience. The private primary suite includes a walk-in closet, dual sinks, a luxurious soaker tub, and a walk-in shower, providing a relaxing retreat. The two guest bedrooms are well-sized and share a well-appointed bathroom with a shower/tub combo and a solar tube that adds natural light. Recent updates include brand-new carpet and fresh interior paint, adding a refreshed and modern touch to the home. The expansive outdoor space features a water well with storage tanks, hickory shed, 40 foot storage container, standby generator, underground PGE lines, making it an excellent opportunity for those looking to raise livestock or explore the potential for farming. The vast acreage offers endless possibilities, whether you envision a working ranch, an agricultural venture, or simply a private sanctuary surrounded by nature. The surrounding community provides access to an abundance of outdoor recreation, including nearby lakes, river, and mountains, making it a perfect location for nature enthusiasts. Enjoy horseback riding on scenic trails, fishing in local waterways, or engaging in various water sports. Biking and hiking trails are also available, offering an active outdoor lifestyle right at your doorstep. This unique property blends tranquility, functionality, and natural beauty, making it a rare find in today’s market. Whether you are looking for a peaceful retreat, a place to cultivate a farm, or a home with plenty of space for animals, this property has it all. Don’t miss out on this exceptional opportunity to own a piece of land with spectacular views, ample acreage, and endless potential. Come see it for yourself and explore all the possibilities that await in this one-of-a-kind setting.
Source: CRMLS #PA25049288
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 #PA25049288
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 and Equal Opportunity Act.