Just a charming home in SE Edmond you won't want to miss! Tucked in a quiet neighborhood with easy access to Kilpatrick, I-35, and Broadway, this well-maintained brick home has the space, storage, and outdoor living that's hard to find. Mature trees, updated garage doors, and beautiful landscaping front and back give it strong curb appeal from the moment you pull up. Inside, the great room offers high vaulted ceilings, a full-height brick fireplace with wood mantel, built-in shelving and cabinetry, and big windows that let in tons of natural light. The casual dining area features its own vaulted ceiling and a pass-through window to the kitchen. The kitchen has painted cabinetry, stone countertops, stainless appliances including a French door refrigerator, tile backsplash, and a peninsula with bar seating. A glass barn door leads into a dedicated laundry room with built-in cabinets and folding counter — fantastic storage throughout. A full bath off the main living area is convenient for guests and secondary bedrooms alike. The primary suite is a lovely retreat with a tray ceiling, French doors to the backyard, and an updated private bath featuring double vanities, granite countertops, a skylight, soaking tub, walk-in tiled shower, water closet, and a large walk-in closet with built-in shelving. Upstairs, the open loft with skylights is a wonderful flexible space — perfect for a home office, playroom, or second living area — with additional bedrooms nearby. Out back, the covered patio, brick paver patio, and large wood deck create layered outdoor living spaces with plenty of room to relax or entertain. The fully fenced backyard has mature trees and lots of room to run — great for kids and pets alike.
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.
