Welcome to well maintained and thoughtfully updated home located on a quiet dead-end road in Carnegie, OK. With less traffic and a peaceful setting, this property offers a safer environment for children to play and families to enjoy outdoor living. Inside, you'll find numerous updates throughout the home. All carpet has been replaced with durable LifeProof flooring, providing a modern look and easy maintenance. The kitchen has been refreshed with sanded and professionally painted cabinets, creating a bright and inviting space for cooking and gathering. The main bathroom has been updated with new shower and sink fixtures along with a new shower insert. The interior of the home has all new paint with the exception of the laundry room and second bathroom. The spacious add-on room at the back of the home features large built-in cabinet, offering excellent storage and a flexible space for a family room, office, playroom, or whatever your heart desires! All major appliances are included with the sale, including the refrigerator, stove, and microwave. A matching wifi enabled black Samsung smart washer and dryer set is also available for purchase with the home. A large completed basement adds living space and versatility that also serves as a safe, comfortable place for the whole family during storm season Step outside to enjoy the large fenced backyard, perfect for kids, pets, entertaining, or gardening. A storage shed provides additional space for tools, lawn equipment, and seasonal items. This home combines comfort, functionality, and modern updates in a peaceful location. Schedule your showing today and see everything this property has to offer!
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.
