1306 E Comanche Ave
Mcalester, OK 74501
3 beds · 2 baths · 1,248 sqft
$150,000
Get prequalified1306 E Comanche Ave
Mcalester, OK 74501
3 beds · 2 baths · 1,248 sqft
$150,000
Get prequalifiedBACK ON THE MARKET THROUGH NO FAULT OF THE HOME OR SELLER - BUYER’S CONTINGENT SALE FELL THROUGH, SO HERE’S YOUR SECOND CHANCE! This beautifully maintained 3-bedroom, 2-bathroom home in McAlester is full of warmth, charm, and meaningful updates. From the moment you step inside, you’ll feel the care that’s gone into making this house a home. Natural light fills the living room through four new double-pane windows (warranty transfers to the buyer), complemented by custom blinds and original hardwood floors that add timeless character. The eat-in kitchen is tastefully updated with granite countertops, a modern 60/40 stainless steel sink, a new faucet, and a stainless steel refrigerator that stays with the home—along with all other appliances and the pantry unit. Comfort and convenience continue with a new HVAC system under warranty, leafguard gutters with transferable warranty, and a rebuilt back porch with handrails... ideal for a quiet morning coffee or evening unwind. A detached garage offers extra storage or workspace, and the attached carport adds additional covered parking. This home is move-in ready and priced below the seller’s investment, offering exceptional value. The sale is personal, the seller is relocating after the loss of her son and early retirement due to health, and she hopes to pass this home on to someone who will love it just as much. Homes this well cared for, with thoughtful updates and a story behind them, don’t come along often. Schedule your showing before this opportunity slips away - again!
Source: MLSTECHNOLOGY #2440179
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.