Welcome to 8909 SW 105th Street in Oklahoma City, located in the highly sought-after Mustang School District. This extensively upgraded home offers refined design, luxury finishes, and thoughtful enhancements throughout. Step into a stunning foyer and great room featuring designer lighting, soaring ceilings, and abundant natural light. The dedicated study is a showpiece with architectural millwork, metal and glass doors, a statement chandelier, and a hidden bookshelf Murphy door concealing a 6Wx4D x 6-’8”H storm shelter for added safety and security. The chef’s kitchen and butler’s pantry shine with custom cabinetry and millwork, quartzite countertops, tumbled marble backsplash, upgraded hardware, designer pendants, added electrical outlets, and an under-counter refrigerator. The walk-in pantry blends style and function. The primary suite offers custom Roman blackout shades, color drenching, and a morning bar with lava stone backsplash and floating shelf. The spa-like bath showcases architectural millwork and upgraded lighting. Secondary bedrooms include millwork, wallpaper accents, upgraded fans, and custom blackout shades. The powder and hall baths feature designer lighting, upgraded hardware, wallpaper, brass shelving, and custom mirrors. A versatile playroom/flex space includes built-in desk and bunks, cabinetry, quartzite countertop, and custom window treatments. The 3.5-car garage features epoxy floors, built-in cabinetry, refrigerator, and a professional gym build-out with accent wall—easily converted back to full garage space if desired. Decked attic storage adds convenience. Outdoor living impresses with a custom outdoor kitchen, expanded fencing, and private putting green—creating the ultimate backyard retreat. Elevated design meets everyday comfort in this truly turnkey Southwest OKC home within Mustang Schools.
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.
