Welcome to a home that doesn’t just check the boxes—it elevates your everyday living. Nestled in the desirable Deer Creek area within Ranchero Lake Estates, this stunning 4-bedroom, 3-bathroom home blends comfort, function, and a touch of luxury in all the right ways—while still giving you the convenience of quick access to Edmond and OKC no matter where life takes you. From the moment you enter, you’re greeted with an inviting open-concept design that was made for both quiet nights in and unforgettable gatherings. The main living area features rich tile flooring, a cozy gas fireplace, and a seamless flow into the kitchen and dining space—creating a warm, connected atmosphere that instantly feels like home. A dedicated office gives you the perfect space to focus, create, or run your day like a boss. And with new carpet installed in early 2025, the bedrooms feel fresh, soft, and ready for you to unwind. Upstairs, the bonus room takes things to the next level—complete with a wet bar and attic access, making it the ultimate flex space. Whether it’s movie nights, game days, or your own private retreat… this space delivers. Step outside and it only gets better. The newly remodeled back patio with a fire pit sets the scene for slow evenings, good conversations, and making memories under the Oklahoma sky. And then, the showstopper........A massive 30x50 insulated shop with heating/cooling, with unfinished bathroom—giving you endless possibilities. Whether it’s your dream workshop, a business setup, hobby haven, or future guest space. This is a feature that truly sets this property apart. Plus, a full concrete driveway leads all the way to it for easy access. With a 3-car garage, in-ground storm shelter, water softener, sprinkler system, and space to truly live—you’re not just buying a home, you’re upgrading your lifestyle. Homes like this don’t come around often. And once you see it… you’ll understand why. Schedule your showing today! **Professional Photos coming soon**
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.
