Welcome to a home where comfort, convenience, and community come together in one of Chicos most desirable locations. Situated in a prime north Chico neighborhood, this beautifully updated 3-bedroom, 2-bathroom home spanning 1,672 sq. ft. has been lovingly cared for and thoughtfully improved, offering both modern upgrades and meaningful spaces to truly live in. From the moment you arrive, youll feel the warmth this property offers. The fenced front yard has been a favorite spot for the sellers, perfect for watching kids play under the shade of the large front yard tree, practically made for a swing. Enjoy morning coffee or dine outdoors on either the front or back patio, each offering its own peaceful setting to start or end the day. Inside, the layout is inviting and purposeful. The cozy sunken living room sets the stage for family movie nights, relaxing with a book, or gathering with loved ones. The kitchen and dining spaces flow easily for everyday living and entertaining, and the HUGE covered back patio provides an exceptional space for BBQs, celebrations, and year-round enjoyment. The low-maintenance backyard turf keeps upkeep simple and weekends free for fun. The guest bathroom features a deep soaking tub, ideal for unwinding after a long day, while the primary suite includes updated vinyl flooring in the bathroom and closets. Fresh interior paint throughout gives the home a bright, clean feel. Living here means more than just enjoying a beautiful home; you get a lifestyle. The sellers have loved the convenience of having a grocery store nearby, the energy of community events right across the street at PV High School, and being just a short drive or bike ride to Upper Bidwell Park, Wildwood Park, and Chicos endless outdoor recreation, including trails, disc golf, swimming, biking, and scenic nature escapes. Additional highlights include an 8.54 kW Leased Solar System with battery backup, helping keep utility costs low and offering peace of mind, plus new vinyl flooring in the primary bath and closets. With a location that checks every box and upgrades that make daily living effortless, 2423 Ceanothus Avenue isnt just a place to live; its a place to thrive.
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
