Stunning 2.56 Acre Estate in the Sought After Gregory Estates Addition, this custom-built home offers an elevated estate feel with space, privacy, and refined design just minutes from the OKC metro. Architectural details anchor the interior, featuring high ceilings with custom stained wood beams, wide-plank wood flooring, and a raised hearth fireplace with arched firebox opening and substantial custom wood mantel. The kitchen truly serves as the heart of the home, highlighted by a custom brick range alcove with arched detail, custom white cabinetry, granite countertops, built-in stainless steel appliances, stainless farmhouse sink, and an oversized island ideal for gathering. The thoughtful layout includes 5 bedrooms, 3.5 bathrooms, and 3,311 sq ft on the main level, plus an Unfinished Upstairs Bonus Room Offering An Additional 485 sq ft for Future Flexibility. A private study with rolling barn door, walk-in pantry, mud bench, split floor plan/could function as a double master plan, and walk-in closets in every bedroom provide everyday functionality. Outdoor living is equally impressive with a 16x32 saltwater pool featuring a tanning ledge, covered outdoor living (396 sq ft), fenced pool area, and all pool equipment to stay with home. Additional highlights include German Smear Brick Exterior, side-turned 3-car Garage, private well, aerobic system, and whole-home water softener. Located in a Shop-Approved, ATV-Friendly Neighborhood, AT&T high-speed internet availability. Banner Elementary School K-8, OPEN one time Transfer to ANY High School of Choice. Perfect Location just outside of Yukon, just 25 minutes to downtown OKC! Call your preferred Realtor to set up an appointment of this beauty!!
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.
