1.5 Acres, 3 bed, 2.5 Bath, Meticulously Maintained Home! Exceptional opportunity for serene country living in Hulbert, Oklahoma, nestled right here in the heart of Cherokee County. This beautifully updated home offers the perfect blend of seclusion and convenience, all on a generous 1.46-acre lot with breathtaking hilltop views. Imagine waking up to panoramic vistas and enjoying the peace and quiet of your own private sanctuary, yet being just minutes away from the recreational paradise of Fort Gibson Lake. Step inside this remarkable residence, and you'll immediately appreciate the thoughtful updates and spacious design. This home boasts three large bedrooms and two-and-a-half baths, providing ample space for comfortable living. The open-concept layout is ideal for both everyday life and entertaining, offering dedicated areas for formal dining and gatherings. The heart of the home, the kitchen, has been lovingly transformed with new white cabinetry, a convenient pantry, and a full suite of stainless steel appliances. You'll adore the elegant granite countertops throughout and the charming shiplap-wrapped bar, perfect for casual meals or a morning coffee. Throughout the main living areas, you'll find stylish and durable wood-look tile flooring, adding to the home's contemporary appeal. The main suite is a true retreat, featuring a huge walk-in closet and a giant bathroom complete with double sinks and a separate vanity – your personal oasis. Beyond the aesthetics, this home offers incredible value and efficiency. Originally built in 2008 with 2x6 walls and extra insulation, it's designed for low utility costs and minimal maintenance. This translates to more time enjoying the natural beauty of Cherokee County and less worrying about your energy bills. This Hulbert gem isn't just a house; it's a lifestyle waiting to be embraced. Don't miss your chance to own a piece of this idyllic Oklahoma landscape!
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.
