1701 Tifton Dr
Edmond, OK 73012
4 beds · 3 baths · 2,276 sqft
$335,000
Get prequalified1701 Tifton Dr
Edmond, OK 73012
4 beds · 3 baths · 2,276 sqft
$335,000
Get prequalifiedLocated on a prime corner lot in a peaceful cul-de-sac, this property is ideal for families seeking tranquility and space. Enjoy leisurely strolls on lighted sidewalks, or take a dip in the community pool. For active families, there’s a swim team, two stocked ponds for fishing, two playgrounds and scenic trails perfect for enjoying the outdoors. With four bedrooms and three full baths, this home provides ample space for family living. Two spacious living areas and two dining spaces offer flexibility for entertaining guests or everyday family gatherings. The kitchen's layout maximizes efficiency, making cooking a pleasure rather than a chore. You will love the convenience of having double ovens and gas cooktop Covered patios offer a seamless indoor-outdoor living experience, ideal for barbecues or enjoying a quiet morning coffee. New roof in 2023 with new full gutters, NEW 16 SEER ac condenser 2023, Primary bedroom with tray ceiling, walk in closet, private bath with granite counters, double sinks, walk in shower, jetted tub and access to the private covered patio. Your living room has a vaulted ceiling, and is showered in natural light, windows have sunscreens which provide an extra layer of energy efficiency. Every bedroom has ceiling fans. The property not only offers immediate comfort and convenience but also the promise of cherished memories. Its well-maintained condition and strategic location in a friendly neighborhood make it an exceptional choice for families wishing to combine elegance with everyday ease.
Source: MLSOK #1170204
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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