Experience modern farmhouse living in the heart of Oklahoma City's vibrant Plaza District! This beautifully designed home offers the perfect blend of style, comfort, and functionality with gorgeous white oak wood flooring, an open-concept floor plan, and an attached two-car garage. The chef's kitchen is the heart of the home, featuring a large center island, stainless steel appliances, a gas range, wine refrigerator, a spacious walk-in pantry, and a coffee bar with additional storage—perfect for entertaining or everyday living. Expansive windows throughout the home fill every room with an abundance of natural light, creating a bright and inviting atmosphere. The spacious living and dining areas are designed for gathering, while the downstairs office (or optional fourth bedroom) and full guest bath provide flexibility for today's lifestyle. Upstairs, you'll find a private primary retreat complete with a spa-inspired bathroom featuring a large walk-in shower, double vanity, and an oversized walk-in closet. Two additional bedrooms, a full bathroom, and a generously sized laundry room complete the second floor. Storage is abundant throughout the home with spacious closets, a walk-in pantry, linen storage, and thoughtfully designed built-ins. Pet lovers will appreciate the custom built-in dog crates that blend seamlessly into the home's design. Step outside to your own garden-inspired backyard oasis featuring a greenhouse, raised garden beds, and plenty of space to relax or entertain. Enjoy your morning coffee on the welcoming front porch or take a short stroll to some of Oklahoma City's favorite restaurants, coffee shops, and boutiques, including the beloved Pie Junkie. This exceptional home offers the perfect combination of modern design, everyday functionality, and an unbeatable location in one of OKC's most sought-after neighborhoods.
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.
