VA loan
1 of 40
VA loan
$260,000 SIGNIN

Sign in to see required down payment for the 2.875% rate

9 Meadowview Dr, Oroville, CA 95966

2 beds · 1 baths · 965 sqft

Welcome to this delightful 2-bedroom, 1-bath home situated on a generous 0.24-acre lot. Built in 1976, this thoughtfully designed 965 sq. ft. residence offers a semi-open floor plan that perfectly balances coziness and functionality. The living space features ceiling fans and dual-paned windows, providing both comfort and energy efficiency year-round. The kitchen is highlighted by easy-to-maintain laminate flooring and a seamless flow into the main living areas, making it ideal for entertaining or quiet evenings at home. The property also includes a laundry area, central heat and air, and an attached garage for added convenience. Step outside and enjoy the fully fenced yard with plenty of space for pets, gardening, or outdoor activities. The covered back deck is ideal for outdoor dining, morning coffee, or simply relaxing while taking in the peaceful surroundings. For adventurers, there’s room to park your RV or boat, ensuring you’re always ready to explore nearby outdoor destinations. Located close to bike trails, Lake Oroville, and the Feather River, this home offers easy access to a wealth of recreational activities. Enjoy hiking, fishing, kayaking, or simply soaking up the beauty of nature. Shopping and dining are also just minutes away, blending convenience with the tranquility of a quieter lifestyle. This charming home is perfect for first-time buyers, downsizers, or anyone seeking a move-in-ready property in a fantastic location. Don’t miss your chance to make this home yours—schedule a private tour today!

Estimated
Seller's interest rate
2.875%
7%
Estimated
Monthly payment

$1,361
$1,913
You may also save up to $173,993 in total interest paid.

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.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $1,913 monthly payment

Financed
SIGNIN
Location
Use two fingers to move the map
Loan details
Loan type
VA
Rate
2.875%
Remaining term
26 yrs and 3 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$1,361
Principal & interest
$1,033
Mortgage insurance
-
Property taxes
$233
Home insurance
$95
HOA fees
-
Utilities
Not included

Source: Public records

Home details
Size
965 sqft
Lot size
0.24 acres
Year built
1976
Type
Single Family Residence
HOA dues
$0.00

Source: CRMLS #PA25008814

Qualify

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.

Resources
Frequently asked questions

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.

View all FAQs
Last updated: Apr 16, 2025 11:37 pm
Listing agent: Troy Davis
Listing provided courtesy of: Action Realty (530) 433-5339
Details provided by CRMLS and may not match the public record.
MLS ID: #PA25008814
Based on information from California Regional Multiple Listing Service, Inc. as of Apr 17 2025 - 04:53 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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