NEW PRICE! Brand new hot water tank just installed. Located in the historic Aurora Addition, this 1927 Spanish Revival-influenced bungalow blends old-world architectural character with an artistic warmth rarely found today. With its striking golden stucco exterior, red tile roof, textured finishes, and timeless architectural details, 1811 N Youngs Boulevard feels reminiscent of an early California bungalow thoughtfully tucked into the heart of OKC. The home offers 1 bedroom, 1 full bath, kitchen with adjoining dining area, & two distinct living areas — a functional and flexible layout that lives larger than its square footage suggests. Rich in personality and natural warmth, the home carries a sense of history and craftsmanship that simply cannot be recreated in modern construction. The home’s unique architecture and highly walkable location also create exciting potential for a boutique-style Airbnb or short-term rental opportunity. In a market saturated with generic spaces, properties with authentic character and a strong sense of place continue to stand apart. The kitchen has been thoughtfully updated with new cabinetry, countertops, and backsplash, while maintaining the home’s historic character. Additional improvements include triple-pane windows throughout and updated ductless mini-split HVAC systems installed in 2019 for modern comfort and efficiency. Minutes from the Plaza District, Midtown, and Uptown 23rd, the location offers convenient access to local coffee shops, galleries, live music venues, Empire Slice, and many of OKC’s most beloved restaurants and neighborhood destinations — all while maintaining the quieter residential charm of the Aurora Addition. Surrounded by some of Oklahoma City’s most established historic neighborhoods including Youngs-Englewood, Crestwood, Miller, Las Vegas, and Classen-Ten Penn, this property represents a rare opportunity to own a home with architectural integrity, artistic character, and enduring appeal.
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.
