5563 Chinook Dr, Kelseyville, CA 95451
3 beds · 3 baths · 1,801 sqft
Stunning view of Mt. Konocti from this charming TURNKEY two-story residence nestled in the desirable Kelseyville Riviera community. Built in 2006, this well-maintained split-level home offers flexible living options with stunning features and modern updates spread over 1,801 SQ FT. Upstairs features 3 BEDS, 2 BATHS with newer laminate flooring throughout, partially updated kitchen with granite countertops and new appliances. As you enter, you'll be greeted by a spacious living room complete with a cozy gas fireplace, perfect for relaxing evenings . Adjacent to the living area is a back deck, offering beautiful views of Mt. Konocti and the surrounding hills. The lower level of the home could be used in many ways and is complete with a kitchenette, full bath, laundry area and access to the backyard and garage in addition to having its own access door. Currently being used a preschool but could be a fabulous in law unit or short term rental. The backyard is an entertainers dream with a stamped concrete patio/walkway and unique boulder-style steps that lead to around 800 square feet of vibrant turf complete with string lights and fenced for privacy. Solar on home covers 100% of PGE for approx. only $147/month. Located on a quiet, level street with a side driveway perfect for RV or boat parking. Only a short drive to Riviera Market shopping center, restaurants, local school and to the newly opened Konocti Harbor Resort!
Source: CRMLS #LC25010551
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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
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #LC25010551
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.