Welcome to Corah Ranch, where the past and present meet beneath the wide Oklahoma sky. Tucked into the scenic countryside once known as Oklahoma Indian Territory, this remarkable property invites you to step back to a simpler time—when the West was truly won, and life was shaped by open land, hard work, and the quiet beauty of nature. From the moment you arrive, the ranch's two-story Western-style home captures your imagination. Recently updated with a new metal roof featuring handcrafted Western details, the home stands as a tribute to classic frontier architecture. A full wrap-around porch embraces the entire house, offering peaceful places to rest, reflect, and watch the world slow down. Fresh exterior paint and new landscaping gives the home a crisp, timeless look, blending seamlessly with its historic theme. Inside, the home's 12ft ceilings downstairs and upstairs continue its warm, welcoming embrace. With 3 comfortable bedrooms and 2 well-appointed bathrooms, it offers both space and coziness. The heart of the home is a beautiful kitchen outfitted with new appliances, perfect for gathering, cooking, and creating memories. Nearby, the rock wood-burning fireplace anchors the living space, its glow reminiscent of campfires and cowboy tales from generations past. Corah Ranch is designed for those who appreciate the land and the lifestyle it provides. The property includes a 6-stall horse barn, complete with a new metal roof, ready for horses or livestock. A massive 60x100 horse arena/equipment barn expands your possibilities, whether for training, storage, or events. Additionally, a 50x60 shop with its own office and bathroom offers an ideal space for hobbies, a home business, or ranch operations. Beyond the ranch grounds, adventure and convenience are never far away. You're just minutes from Lake Hudson, 30 minutes from Grand Lake o' the Cherokees, and only one hour from both Tulsa and Arkansas, making travel, recreation, and amenities easily accessible.
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.
