2205 E Foster Dr
Ada, OK 74820
3 beds · 3 baths · 2,073 sqft
$239,000
Get prequalified2205 E Foster Dr
Ada, OK 74820
3 beds · 3 baths · 2,073 sqft
$239,000
Get prequalifiedSpacious Split-Level Gem in a Charming, Walkable Neighborhood! Welcome to this incredible and expansive split-level home, nestled in a friendly neighborhood where evening strolls with the dog and front-porch chats with neighbors are part of daily life. Set on a generously sized lot, this home offers the perfect amount of space for kids or pets to play and explore freely. Step inside and discover a beautifully updated kitchen and bathrooms—modern finishes that make everyday living both stylish and comfortable. The primary bedroom features a private ensuite and a spacious walk-in closet, while the guest bedrooms include charming built-ins that add character and functionality. With two separate living areas, there's plenty of room for everyone to spread out, relax, or entertain. On cooler evenings, cozy up around the gas log fireplace—your perfect retreat at the end of the day. The attached two-car garage offers ample space for vehicles, storage, or even a workshop, keeping everything safe and organized. And get ready for epic Oklahoma summers—this home comes with an above-ground pool equipped with a new pump and filter installed in 2024. Just add a liner, and you’re set for sun-soaked days, pool parties, and staying cool right in your own backyard oasis. Location-wise, it doesn't get better: you're just a golf cart ride away from Oak Hills Country Club, a short jog to Wintersmith Park, and minutes from shopping, restaurants, and Mercy Hospital. Whether you're after leisure, convenience, or community, this home delivers it all. Seller is also including a $2,000 flooring credit to have carpet replaced or to put towards flooring of buyer's choice! Don’t miss your chance to enjoy space, comfort, and connection—schedule your showing today and start dreaming of your best summer yet!
Source: MLSTECHNOLOGY #2521973
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.