Exquisite 4 Bedroom, 2 Bathroom, 3 Car Garage, Plus Inground Storm Shelter! Come live in the Rushbrook Addition in Edmond, Oklahoma! Upon arrival, you will be greeted by a vaulted front porch with cedar columns, stone accents, and an extra-large driveway that makes a lasting first impression. Inside, the living room features vaulted ceilings, wood-look tile flooring, LED lighting, and a beautiful stack stone fireplace. The large baseboards and crown molding throughout create a polished finishing touch. This precious gem boasts a spacious, inviting atmosphere, ready for its new owner. The kitchen is a true centerpiece, featuring a large island with extra cabinets, subway tile backsplash, quartz countertops, floating shelves, a walk-in pantry, and plenty of storage, perfect for cooking and entertaining. The primary suite is a true retreat, featuring tray ceilings, a stunning accent wall, and a stylish barn door. The master bathroom is breathtaking, with his-and-her sinks, a separate soaker tub, and a shower with stunning tilework throughout. The large walk-in closet even has built-in drawers! Additional bedrooms are generous in size, with a guest bathroom featuring double vanities, ample storage, beautiful tilework, and quartz countertops. The utility room showcases a herringbone tile backsplash that adds a pop, plus a utility sink that makes cleaning a breeze. Even comes equipped with cabinet storage and a clothes rack. Enjoy the convenient mud bench right around the corner of the garage entrance. Step outside to the backyard, which features an enlarged covered patio with turf grass, an outdoor fan, and a custom pergola, perfect for entertaining or relaxing. Enjoy neighborhood amenities like a pool, splash pad, park, and two scenic ponds. With ample parking, storage, and a prime Edmond location, this home combines comfort, style, and convenience. Schedule your showing today, this move-in-ready home won’t last long! Buyer to verify schools.
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.
