6234 Kilgord Ct, Magalia, CA 95954
3 beds · 3 baths · 1,482 sqft
Find your personal haven in this HOME! Begin with the recent upgrades: NEW interior paint (2024), NEW exterior paint (2023), NEW dishwasher (2023), NEW garage door opener (2024), and NEW Pella French doors in the master bedroom (2023), not to mention the treated exterior wood! Inside, a welcoming living room awaits, complete with a cozy propane stove ideal for cool evenings. The kitchen offers plenty of storage and beautiful bay windows that frame the outdoor scenery. On the main floor, there's a laundry room with ample storage, a guest bathroom with a tub/shower combination, and the primary suite. The primary bedroom includes a walk-in closet and stylish Pella French doors leading to an expansive back deck and a large, enclosed backyard. Crown molding and wainscotting add a touch of elegance throughout the main floor. Upstairs, two sizable bedrooms each open onto private balconies through glass doors, and there's a bathroom equipped with a walk-in shower. The two-car garage features an additional storage room or workshop, ensuring ample space for your vehicles, and there's even parking available for an RV and/or boat. As a member of the Paradise Pines Property Owners Association, with an annual fee of just $280, you can enjoy a vast swimming pool, hot tub, playground, hiking trails, tennis courts, and more. Don't miss out on this exquisite property—visit today!
Source: CRMLS #SN24245858
Financials
Source: Public records
Source: CRMLS #SN24245858
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.
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 “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.