Offering for a limited time: Seller is providing a $5,000 credit to the buyer at closing with an acceptable offer. If you've been searching for a home in Bartlesville with a pool, this one is a must-see! 2501 Cherokee Hills Place is situated on a peaceful corner lot in a quiet cul-de-sac, providing ample space to relax, entertain, and create lasting memories. This split-level home features 3 bedrooms, 2.5 baths, and just over 2,500 square feet (per the courthouse) of character and charm. Step inside to find vaulted ceilings, lots of natural light, and fresh interior paint that makes everything feel warm and inviting. The layout flows nicely with the living room on the main level, the kitchen and den just a few steps down, and the bedrooms tucked away upstairs for privacy. The primary suite feels like a true retreat, complete with its own deck and pergola overlooking the backyard. The deck was completely rebuilt just last year, and it's the perfect spot to unwind or enjoy a quiet morning coffee. And then there's the backyard — your own private oasis! The in-ground pool is surrounded by mature landscaping that gives it a relaxing, resort-like feel. Whether it's pool parties, cookouts, or simply cooling off on a summer afternoon, this space was made for fun and family time. The pool has a newer liner and pump within the last couple of years. Additional features include a 50-year composition roof and a storage shed. Come see why 2501 Cherokee Hills Place stands out. Homes with a pool like this don't come around often!
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.
