PRICE REDUCED! Seller Welcomes Buyer Agents! Welcome to 13417 Briar Hollow Drive in the Moore School District. This well-maintained and updated 4-bedroom home offers a split floor plan, 2 full baths, 2 dining areas, and approximately 2,260 square feet of (see Previous Appraiser's Sketch in Supplements) comfortable living space. The roomy living area features engineered hardwood flooring and a fireplace, while the kitchen offers abundant storage, granite countertops, and a gas range. The oversized primary suite includes double vanities with granite countertops, double closets, and plenty of space to unwind. Two secondary bedrooms are located downstairs, and the upstairs bedroom offers flexible space for a teenager, guest room, or home office. The front living and dining areas offer lovely natural light, and there is no carpet in the home. The oversized laundry room adds extra functionality. Outside, you will enjoy a large covered patio and spacious backyard, with the property backing to Eastlake Elementary and just a short walk away. Updated farmhouse-style fixtures and ceiling fans add charm throughout. The home is in good condition and is Move-In Ready. The roof has been pre-inspected and is in good condition without any problems. Refrigerator, microwave, Blackstone grill in the garage, and backyard patio lights all remain with the home. Priced to Sell! Average utility costs over the past 12 months were approximately $450 per month total for gas, electric, and water. Conveniently located near shopping along the I-240 corridor in Southwest Oklahoma City and the SW 19th area in Moore, with quick access to I-35, I-240, and I-44 for an easy commute across the OKC Metro. Schedule your showing today and see all this move-in-ready home has to offer your family.
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.
