Welcome to this meticulously maintained Bridge Creek estate, offering country peace with rapid access to major highways, the FAA Center, Will Rogers Airport, Mustang, Norman, and Moore. Bridge Creek Schools are just five minutes away. The striking brick and stone facade, rustic shutters, and expansive driveway create a spectacular first impression. Step inside to a sophisticated, light-filled interior. The heart of the home is a magnificent open living room featuring towering vaulted ceilings anchored by rich wooden beams. The gourmet kitchen is a chef's dream, beautifully appointed with gleaming granite countertops, a classic gas range, and elegant white cabinetry that extends to the ceiling. It flows seamlessly into a sunny dining area, creating an inviting space for family gatherings. The primary suite serves as a private retreat, featuring an expansive closet and a luxurious bath with a smart Bluetooth-enabled tub light. Two additional bedrooms share a pristine Jack-and-Jill bathroom equipped with motion-sensor lighting. Modern comforts abound, including a whole-house water softener, a smart thermostat, a Blink doorbell, and high-speed fiber internet capability. The pristine garage space is remarkably versatile, currently utilized as an elite home gym with heavy-duty rubber flooring. The outdoor living space is a true backyard oasis. A massive covered brick patio looks out over a sprawling, fully fenced yard and an inviting pool. The property offers an unmatched lifestyle layout, backing up directly to a peaceful community sports field that easily integrates into a private 3-mile walking loop. Enjoy absolute peace of mind in this safe, friendly neighborhood with wonderful neighbors who look out for each other, and spend your mornings on the back porch watching cattle graze in the distance. Complete with a rigorously maintained aerobic septic system, a certified AC unit, and a regular pest control schedule, this home is entirely turn-key.
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.
