LOOKING FOR A MOVE-IN READY HOME ON ALMOST AN ACRE IN ADA WITH BYNG SCHOOLS? Looking for privacy and space without giving up a quick drive to town? This brick home at 19587 County Road 1555 in Ada, OK sits just outside the city limits, where each neighbor has room to breathe and the pace feels calmer the moment you pull in. It’s close to both hospitals, minutes from shopping and dining, and offers easy access to highways toward McAlester and Stonewall—ideal for everyday life and commuting. This 3-bedroom, 2-bath home offers 1629 square feet (per county records) and was built in 1981. The layout feels open and spacious, with a kitchen that flows into the main living area. Morning light fills the space, and the bar seating is perfect for homework, snacks, or keeping company while dinner comes together. The updated kitchen includes all appliances—dishwasher, microwave, stove, and refrigerator—already in place. Storage is thoughtful throughout, and the utility room is a standout for daily function. The bedrooms are split for privacy, with one near the kitchen and two on the opposite side of the home. Outside, you’ll find a quiet .88-acre lot with a spacious backyard and a 12x18 shop/storage building with concrete floors and a roll-up door—great for equipment, hobbies, or extra storage. This all-electric home is served by PEC for electric, Pontotoc County RWD 7 water, septic, and offers internet options like Starlink or Sparklight. With friendly neighbors and a peaceful setting, the spirit of the home is simple and genuine—easy mornings, quiet evenings, and space to grow. Priced at $225,000, this is an affordable, move-in ready option in the Byng School District. LOOKING FOR A MOVE-IN READY HOME ON ALMOST AN ACRE IN ADA WITH BYNG SCHOOLS? THIS IS IT.
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.
