2105 Oakridge Dr
Norman, OK 73026
5 beds · 3 baths · 3,258 sqft
$574,900
Get prequalifiedAbout this home
NO HOA, Shops ARE approved, and the sellers ARE offering a $10,000.00 credit towards buyers closing costs, rate buy down, or extras with an acceptable offer!! Welcome to your dream home in the sought-after Oak Ridge Addition, just a quick 5-minute drive from Lake Thunderbird's entrance and only about a 15 minute drive to OU Campus and all the shopping and amenities you'll need! This property offers tranquility and convenience on a 2.20-acre lot with captivating views of the surrounding trees. This spacious residence boasts 5 generously sized bedrooms, all conveniently located on the main floor. An extra office space and a massive upstairs theatre room located above the garage offer endless possibilities for customization. This home was previously remodeled by its previous owners back in 2014 and has had many updates and upgrades during its current ownership. Noteworthy are the newly installed wood-look porcelain floors, the exquisite stone details adorning the living room fireplace, and the living room windows framing a serene atmosphere with a captivating view of the backyard. The master suite is a true retreat with dual vanities, a large jacuzzi, separate shower, linen closet, and an impressive walk-in closet with built-in dressers. The chef's delight kitchen features ample cabinet space, a new sink faucet, pantry, gorgeous cabinetry, and abundant counter space for culinary needs, perfect for entertaining or family meals. Outside, enjoy a meticulously landscaped front yard, a 3-car garage, an oversized driveway, additional pea-gravel parking, and a spacious patio overlooking the expansive yard. Safety is ensured with an above-ground storm shelter in the garage, a whole-house generator, and a brand-new 50-gallon water heater. Tech enthusiasts and remote workers will appreciate the gigabit fiber optic internet, ideal for seamless work-from-home scenarios or online activities. Shops are allowed!
Source: MLSOK #1169186
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FAQs
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.
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Norman, OK 73026
5 beds · 3 baths · 3,258 sqft