Welcome to this beautifully maintained 3-bedroom, 2-bath home located in the highly sought-after Deer Creek School District! Nestled in a peaceful neighborhood, this property offers the perfect blend of comfort, outdoor living, and everyday convenience. Step inside to discover a warm and inviting floor plan with spacious living areas, abundant natural light, and plenty of room for both relaxing and entertaining. The kitchen and dining spaces flow seamlessly into the living area, creating an ideal setting for family gatherings and hosting guests. Outdoors is where this home truly shines. Enjoy your own private backyard retreat featuring a sparkling inground pool, relaxing hot tub, and plenty of space for outdoor entertaining. The oversized yard offers endless possibilities, including room for a garden, play area, or additional outdoor living space. Backing up to a serene greenbelt, you’ll appreciate the added privacy and peaceful views with no rear neighbors directly behind you. Residents of this desirable community also enjoy access to a neighborhood fishing pond, perfect for quiet evenings and weekend recreation. Whether you’re enjoying coffee on the patio, gardening in the backyard, or cooling off by the pool during Oklahoma summers, this home offers a lifestyle you’ll love year-round. Conveniently located near shopping, dining, and major highways while still offering the tranquility of suburban living, this property combines location, amenities, and charm in one exceptional package. Don’t miss your opportunity to own this incredible home in Deer Creek Schools — call today to schedule your private showing!
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.
