2027 W Minnesota Ave
Chickasha, OK 73018
4 beds · 2 baths · 2,583 sqft
$279,900
Get prequalified2027 W Minnesota Ave
Chickasha, OK 73018
4 beds · 2 baths · 2,583 sqft
$279,900
Get prequalifiedBe introduced to the perfect blend of original early 1900’s charm, and modern upgrades including GRAND new windows all throughout this thoughtfully renovated home. Nestled on over half an acre, enjoy the comfort of outside with your large wraparound porch, plus mature pecan and apricot trees for added serenity and enjoyment. Step inside, and be taken by the beautiful renovation, that still ensues its original era charms. Enjoy peace of mind with brand-new double pane windows, newer central heating and air, and fully updated plumbing. The home boasts granite counter tops in the kitchen and all new appliances—including a washer and dryer—making it truly move-in ready. The kitchen is also well suited for enjoying breakfast, while soaking in the morning sun through your large windows overlooking the backyard. Relax in the large primary with en-suite bath, that includes a large soaking jetted tub and its own private water heater. The expansive upstairs area offers versatile space, perfect for a potential 4th bedroom, a third living area, or a bright home office with views of your private, tree-lined yard. The home is equipped with a fully fenced backyard and storage shed, and is also perfectly suited for anyone wanted to build a large shop! The owner has added insulation making this home air tight! The owner has installed a 200 Amp electric service and buried the power line for protection against losing power in those harsh months. This home blends charm, space, and modern upgrades—ready to welcome you home.
Source: MLSOK #1170720
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.