4501 NW 164th Ter
Edmond, OK 73013
3 beds · 2 baths · 2,052 sqft
$359,999
Get prequalifiedAbout this home
Welcome to 4501 NW 164th Terrace, nestled in the sought-after Lone Oak Park addition and within the Deer Creek School District. This spacious 3-bedroom, 2-bathroom home offers 2,052 square feet of thoughtfully designed living space, complete with a dedicated office, cozy breakfast nook, and a versatile flex room perfect for a second living area, dining room, or play space. The home has stairs from the main level that lead upstairs to the current attic that provide a space that could be finished to be a great playroom. Situated on a rare extra large lot, the oversized backyard offers endless possibilities—whether you're dreaming of a garden, pool, or just room to roam. Inside, you'll find an open and functional layout that fits a variety of lifestyles. Whether you're entertaining or enjoying a quiet evening at home, this home delivers both comfort and flexibility. Don't miss your chance to live in one of NW OKC’s most convenient neighborhoods with quick access to schools, shopping, and restaurants.
Source: MLSOK #1176033
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.
Edmond, OK 73013
3 beds · 2 baths · 2,052 sqft