Escape to a quieter, more refined way of living at 13403 NE 225th St—where wide-open sky, sweeping views of Mt. Scott, and 10 unrestricted acres create a rare form of rural luxury. This beautifully updated 4-bedroom, 3 3/4 bath home offers the kind of privacy and space that’s increasingly hard to find, yet remains comfortably connected. Sterling sits just minutes down the road, Elgin is an easy 15-minute drive, and both Chickasha and Duncan are within a relaxed half-hour. With $5,000 in seller concessions and a one-year home warranty included, this property delivers exceptional value alongside its timeless appeal. Inside, new hardwood flooring flows throughout a warm, elegant interior that blends modern updates with classic country charm. The newly renovated kitchen is the heart of the home, offering beauty and function for everyday living or entertaining. The updated upstairs area provides flexible space, while the refreshed mudroom adds everyday convenience. A wood-burning fireplace centers the main living area with rustic comfort, complemented by an electric fireplace in the foyer for effortless ambiance. Step onto the covered back porch and you’ll understand the true soul of this home. The view of Mt. Scott stretches across the horizon—stunning at sunrise, peaceful at dusk, and breathtaking under Oklahoma’s night skies. The land is fully usable and unrestricted, offering room for livestock, hunting, gardens, recreation, or simply the luxury of space. A large shop with electricity, water, and a wood-burning stove expands the property’s possibilities. Additional features include a storm shelter, RV pad, three-car garage, metal roof, well, septic, and a sprinkler system. An additional 10 acres are also available for purchase. With statewide open school transfers under Senate Bill 783, families here may choose Elgin, Sterling, or Fletcher schools. More than a home, this property offers a lifestyle defined by freedom, beauty, and rural elegance.
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.
