16 Clark Cir
Shawnee, OK 74804
3 beds · 2 baths · 1,331 sqft
$234,900
Get prequalified16 Clark Cir
Shawnee, OK 74804
3 beds · 2 baths · 1,331 sqft
$234,900
Get prequalifiedBack on market at no fault of sellers. This lovely Ranch style home has lots of new and plenty of that classic charm. Tucked away at the end of a cul-de-sac in a quiet neighborhood the homes location is both central and serene. This location is ideal for commuters with easy access to I40, Hwy 177 and 45th St. This will allow you to be in town or on the highway in minutes. The front yard boasts lots of curb appeal with a large yard, covered porch and nicely kept flower beds. The backyard is also good sized, fully fenced and features a covered deck, pool, hot tub, and sheds. Inside the home features lots of upgrades throughout including a brand new HVAC system and water pressure tank. The living room has a floor to ceiling brick fireplace complimented by a coffered ceiling and lots of natural light. Right off of the living room is the kitchen and dining area. The kitchen features granite counter tops, stainless steel appliances, and a double sink. The windows in the kitchen and dining room overlook the front yard and create a lot of natural light. The primary bedroom is a restful and functional space with his and hers closets, a built in bench with storage, and an ensuite bathroom with granite countertops and a walk in shower. The other two bedrooms are generously sized. The guest bathroom has granite counter tops, a subway tile shower with a deep tub, and a large vanity and mirror. Some other features to note are the home's two car garage, over half an acre lot, and close proximity to a local Mexican restaurant, (who doesn't love that?). Come take a look and see all this home has to offer!
Source: MLSOK #1171224
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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