Located in one of Edmond’s most desirable areas, this beautifully updated home combines modern improvements, a welcoming neighborhood atmosphere, and the kind of outdoor surroundings that make everyday life feel more enjoyable. Positioned on a corner lot with a spacious backyard, the property offers room to relax, gather, and enjoy quiet evenings while still being close to the conveniences that matter most. Inside, the home feels fresh, clean, and move-in ready thanks to a long list of thoughtful updates. New flooring installed throughout in 2024 creates a consistent, modern feel from room to room, while interior paint completed in 2023 adds brightness and warmth throughout the home. Both bathrooms have been refreshed with updated light fixtures and faucets, and the primary bathroom features updated mirrors that give the space a polished, current look. Major improvements have also already been completed, including a new roof installed in September 2024 and a new hot water tank installed in September 2025, offering added peace of mind for the next owner. Beyond the home itself, the neighborhood setting is what truly makes this property stand out. The nearby green belt creates beautiful open space and a peaceful backdrop to daily life, while two stocked fishing ponds and a playground offer opportunities to relax, connect, and enjoy the outdoors close to home. Whether it’s evenings spent in the backyard, walks along the green space, or weekends enjoying the neighborhood amenities, this home creates the kind of lifestyle buyers are searching for. Well maintained, thoughtfully updated, and ideally located, this property offers the rare combination of comfort, convenience, and long-term value in a setting that feels welcoming from the moment you arrive.
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.
