Tucked away on a quiet street with no drive-through traffic in the highly sought-after Dickson Public School district, this beautifully maintained 1.5-story home offers the kind of space, updates, and flexibility today’s buyers are searching for. With four bedrooms, two full baths, and multiple living possibilities, this home blends comfort, function, and everyday convenience in one inviting package. Step inside to a spacious living area filled with natural light and a large dining space designed for dinner parties, holiday gatherings, and making memories. The updated kitchen features modern appliances, double ovens, abundant cabinetry, and a walk-in pantry that keeps everything organized and within reach. The flexible garage conversion adds even more usable space and can easily serve as an additional bedroom, game room, hobby area, or home office, while the oversized utility room offers extra storage functionality that’s hard to find. Privately situated upstairs, the primary suite creates a relaxing retreat complete with a cozy sitting area perfect for a reading nook, office, workout room, nursery, or future dream closet. The ensuite bath features a jacuzzi tub and dual closets for added comfort and convenience. Outside, the large fenced backyard offers plenty of room for entertaining, pets, gardening, or simply enjoying Oklahoma evenings under the covered patio. Additional exterior features include a double carport, storage building, storm shelter, and security system. Located just minutes from Ardmore, Lake Murray State Park, shopping, dining, and major highways, this property offers the perfect combination of peaceful neighborhood living and convenient access to everything you need.
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.
