Located in the highly sought after Edgewater addition in Moore, this well cared for home offers 3 bedrooms plus a dedicated office or study, 2.5 bathrooms, and a true 3 car garage with an in-ground storm shelter and whole home surge protector. From the moment you arrive, the oversized front porch creates a warm and inviting first impression. Inside, the open concept layout is both functional and welcoming, centered around a large kitchen that is built for everyday living and entertaining. The oversized island provides plenty of workspace and seating, while the built in microwave and oven and spacious dining area flow seamlessly into the living room, complete with a gas fireplace. One of the standout features of this home is the custom western inspired design, including a unique vent hood and cabinetry that adds character you will not find in a typical property. Wood look tile flooring runs throughout the main areas, offering both style and durability. The primary suite is generously sized with a vaulted ceiling, creating a true retreat. The en suite bathroom features a large soaking tub, recently updated walk in shower, dual vanities, and an oversized closet that conveniently connects to the laundry room. On the opposite side of the home, you will find two additional bedrooms along with the office and study, giving flexibility for work from home or additional living space. A recently completed four seasons room adds even more usable space year round, while the backyard is set up for entertaining with a pergola and extended concrete patio. The homeowners have also invested in landscaping and mature trees, enhancing both privacy and curb appeal. To top it off, the home includes fully installed solar panels, helping significantly reduce monthly utility costs. If you are looking for a home with character, thoughtful upgrades, and functional space in a great neighborhood, this one is worth a look. Located close to Tinker! Schedule your showing 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.
