Sign in to see required down payment for the 2.8% rate
16408 Monarch Ridge Blvd, Edmond, OK 73013
3 beds · 2 baths · 1,926 sqft
Welcome Home to Monarch Ridge—where comfort, style, and nature come together. This stunning home with 3 beds + an office is move-in ready and features one of the best views in the neighborhood, with a front porch overlooking a peaceful pond and preserved natural habitat. Inside, you’re greeted by a warm entryway and a dedicated front office—perfect for working from home in peace and comfort. The open-concept layout seamlessly connects the living, dining, and kitchen areas, ideal for both entertaining and everyday living. At the heart of the home is a generous island with quartz countertops, ample cabinetry, and a gas range—every home chef’s dream. Unwind in the living room, where vaulted ceilings and abundant natural light frame a cozy fireplace. The primary suite is a private retreat, featuring a luxurious soaking tub, walk-in shower, and a spacious walk-in closet. On the opposite side of the home, two secondary bedrooms and a full guest bath offer added privacy for family or guests. Outside there’s a covered patio complete with TV hookups—perfect for weekend gatherings. The fully fenced backyard has a smart Rainbird sprinkler system that keeps the lawn lush and green. A built-in storm shelter in the garage adds an extra layer of security and peace of mind and it's a HERS-rated energy-efficient home that ensures year-round comfort and savings. Enjoy scenic walking trails and the tranquility of nature—all within the highly sought-after Deer Creek School District. Located just half a mile from Deer Creek Elementary and close to shopping, dining, and daily essentials, this home offers both serenity and convenience all in a welcoming community!
Source: MLSOK #1177538
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: MLSOK #1177538
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.
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.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.
No credit check. Takes 2 minutes.