10816 NW 118th Pl
Yukon, OK 73099
4 beds · 2 baths · 1,808 sqft
$294,000
Get prequalified10816 NW 118th Pl
Yukon, OK 73099
4 beds · 2 baths · 1,808 sqft
$294,000
Get prequalifiedBeautifully updated and move-in ready, this 4-bedroom, 2-bathroom home sits on a spacious corner lot in the desirable Magnolia Addition. Featuring an open-concept layout, this home is filled with natural light and thoughtful upgrades throughout. The living room offers a cozy gas fireplace and flows seamlessly into the kitchen and dining area—ideal for entertaining or relaxing evenings at home. The kitchen is equipped with stylish new hardware and updated light fixtures. The primary suite includes a spacious walk-in closet and a private bath, while three additional bedrooms provide flexibility for guests, a home office, or hobbies. Step outside to enjoy the fully landscaped yard with an automated sprinkler and gutter system, full outdoor lighting, and storm doors on all exterior entries. The detached shed with electricity and A/C is perfect for a home office, or creative space. Recent upgrades include a new insulated garage door and lift. Located in the Piedmont School District, this home offers comfort, convenience, and value—all in a charming, growing community with easy access to NW Expressway. *Seller purchased this home as part of a contingency solution to facilitate the sale of another property. Closed quickly and relisted to allow the original sellers to move forward. No occupancy since closing. Easy to show and ready for new ownership.
Source: MLSOK #1178089
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.