Welcome to this well-maintained 3-bedroom, 2-bathroom home offering 1,720 square feet of comfortable living space, situated on one-third of an acre size lot! The covered front porch provides a warm and welcoming entry—Step inside and you'll immediately notice the home is filled with natural light from the large windows throughout. Inside, you’ll find a large living room with beautiful hardwood floors that flows seamlessly into the dining area or flex space offering flexibility for entertaining friends and family. Recent big-ticket updates include a New Roof (2022), New Hot Water Tank (2026), HVAC system (2019), New Light Fixtures with remote controls, updated windows, New Sewer Line to the main & fresh interior paint—adding lasting value. The home also includes a water softener, reverse osmosis system and security system for added convenience and peace of mind. The kitchen has been updated with a New Gas Stove, New Sink & Faucet, New Garbage Disposal, New Cabinets, stainless steel appliances and ample cabinetry for all your storage needs! The refrigerator, washer & dryer can also remain with the home! The spacious primary bedroom features a private en-suite bathroom with a walk-in shower and walk-in closet. The enclosed patio extends the living space, offering a versatile area that can be enjoyed year-round—perfect for entertaining or relaxing on those cooler evenings. The large backyard offers plenty of room for gardening, pets, and outdoor activities, and includes a chicken coop, storm shelter, and additional storage space. Within close proximity to nearby amenities, restaurants, Tinker Air Force Base, Downtown OKC and easy highway access! This home checks all the boxes—well-maintained, updated, and move-in ready. Don't miss your opportunity to own this exceptional property—schedule your private 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.
