1412 Reid Pryor Rd
Norman, OK 73072
4 beds · 2 baths · 2,260 sqft
$358,900
Get prequalified1412 Reid Pryor Rd
Norman, OK 73072
4 beds · 2 baths · 2,260 sqft
$358,900
Get prequalifiedSuperb home located in South Norman with a lot of extras and unique touches to enhance piece of mind, serenity, ease of use, and learn live better than the average Normanite! Located to the south of a major University and west of some newer major shopping and eateries! Quick commutes to the Weather Center, South Campus, Softball Field, Tennis Courts, Lloyd Noble, Postal Training Center and Lake Thunderbird! Community boats a pool, ponds, parks, and a vast amount of open concrete walking spaces! Now to discuss what you really came to see! The home's interior is inviting upon entry with a study or 4th bedroom just off the entry. Living area has newer wood plank flooring, soothing colors, corner gas log fireplace, crown molding, and a partially open view into a huge kitchen area! You are a step above the average with built-in stainless cooking, gas cooktop, corner pantry, cabinet lighting, breakfast bar and a traditional "let's dine-in" eating space! Just around the corner is your enclosed patio with a customized theater room! Motorized drop-down screen, projector, ceiling fans, central air, cabinetry and cooler/fridge area! Primary retreat has a sizeable bedroom with multiple layout options! En suite complemented by dual vanities, framed mirror, garden tub, walk-in shower, powder room, ample natural lighting, and a huge walk-in with seasonal racks to handle all your wardrobe! Guest beds are split across the home and down the hall, both including ceiling fans, and one bedroom includes a walk-in closet while the other has a large french door closet! Backyard retreat is entertainment ready, with a sizeable deck, lighting, and a wonderful view of a low maintenance koi pond with soothing waterfall! Garage is man-cave or she-shed ready! In-ground storm shelter and nearly new storage cabinetry abounds! Both garages include openers which can be controlled remotely! Take the video and 3D tours. Then, call a REALTOR* to schedule your private viewing!
Source: MLSOK #1157350
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.
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