Move-in ready 4-bedroom home in the highly sought-after Yukon School District with quick access to Route 66 and the Kilpatrick Turnpike. With 1,770 square feet, a split floor plan, dedicated laundry room, and flexible living space, 809 Dover Mansion offers many of the features buyers are actively searching for in Yukon real estate. This open concept home features a spacious living room with a beautiful brick fireplace and large windows bringing in natural light. The kitchen offers granite countertops, rich custom wood cabinetry, an oversized raised bar top, extended countertops for extra food prep space, and abundant cabinet storage. Crown molding throughout the entire living room, dining room, and kitchen. Additional hallway storage throughout the home provides even more functionality and organization. The split layout includes two rooms on each side of the home for added privacy. One of the four bedrooms features bay windows and a closet, making it a perfect study, home office, guest room, or flex space. The primary suite includes dual vanities, a stand-in shower, separate soaking tub, and a large walk-in closet. The backyard sits a large covered patio and pony fences on both side that would be great for gardening or pets. If you’re searching for a home for sale in Yukon with granite countertops, custom cabinetry, open floor plan, extra storage, and quick highway access, this well-kept home checks all the boxes. Conveniently located near Route 66, shopping, dining, and easy access to the Oklahoma City metro area.
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.
