Welcome to 1110 Ada, a charming home nestled on a spacious corner lot in one of Durant’s most desirable and peaceful cul-de-sac neighborhoods. This property offers the perfect balance of privacy, comfort, and convenience—ideal for anyone seeking a quiet retreat with plenty of room to enjoy the outdoors. From the moment you arrive, you’ll appreciate the beautiful curb appeal framed by mature shade trees that provide both character and natural cooling throughout the seasons. The large fenced backyard creates a private oasis—perfect for kids, pets, and gatherings with family and friends. There’s also a handy storage shed for lawn tools, hobbies, or seasonal décor, keeping everything neatly organized. Inside, the home welcomes you with a warm, inviting atmosphere. A well-designed layout provides comfortable living spaces that flow easily from room to room. The kitchen offers ample cabinetry and counter space, making it ideal for meal prep or entertaining guests. The living area is bright and open, enhanced by large windows that bring in plenty of natural light and offer relaxing views of the tree-lined yard. The bedrooms are generously sized with ample closet space, and the bathrooms are designed for both function and comfort. Whether you’re starting a family, downsizing, or investing in your next property, this home offers exceptional versatility. Located just minutes from schools, shopping, and dining in Durant, 1110 Ada combines the feel of a quiet neighborhood with the convenience of being close to town. The cul-de-sac setting means minimal traffic—ideal for those who value peace and privacy. With its mature landscaping, fenced yard, corner lot, and inviting layout, this property truly stands out as a place where you can settle in and feel right at home. Don’t miss your opportunity to make 1110 Ada your new address in Durant—schedule a private showing today and see everything this wonderful home has to offer.
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.
