If you’re looking for modern design, acreage, and a quiet setting without sacrificing convenience, this property delivers the best of both worlds. Tucked away at the end of a quiet dead-end street, this modern farmhouse-inspired home offers the perfect blend of privacy, space, and style on approximately 2.5 acres in the Blanchard School District. Step inside to tall ceilings in the living room that create an airy, dramatic first impression, with an upstairs loft overlooking the main living space, perfect for a second living area, office, or flex space. The open floor plan allows for seamless flow between the living, dining, and kitchen areas, making everyday living and entertaining effortless. The kitchen is both functional and eye-catching, featuring granite countertops, shaker-style cabinetry, statement lighting above the island, bar top seating, and stainless-steel appliances. The primary bedroom downstairs features an accent ceiling and walk-in closet. Primary bathroom includes a double sink vanity, walk-in shower, and standalone tub. Also downstairs is the powder bath for guests and the laundry room with ample cabinet space. Upstairs features a loft space overlooking the downstairs living area, perfect for a secondary living, office, or flex room. Two bedrooms upstairs share an updated bathroom. Outside, enjoy wide-open Oklahoma sunsets from the large, covered patio, complete with a fire pit area ideal for gathering with family and friends. With no through traffic, you’ll appreciate the peaceful setting while still being just 10 minutes from town. Car enthusiasts, hobbyists, or anyone needing extra storage will love the oversized 4-car tandem garage offering ample room for vehicles, equipment, or workspace. This house is begging for a visionary who's up for the task to come in and make it home. Don't miss the opportunity today!
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.
