5 acres within 15 min of Tinker & 30 min to downtown OKC!! Livin in the country just minutes from the city! Just off I-40 and Harrah road sits this beautiful property surrounded by trees that backs to a floodplain forest so amazing privacy and no back neighbors. This home has so little wasted space it feels much larger than it is. Built by Richardson Homes you know its quality and you can see it! You will love the wood like tile floors and brand new carpet in the bedrooms. Gorgeous stained cabinetry and granite in the spacious kitchen with a large dining space overlooking the backyard. The living area is large and fits lots of furniture, AT&T fiber and ready for that TV over the fireplace. The sellers knew last year they would be transferring with his job so they updated a lot of items so it would be a great advantage to the future buyer. New level 3 high impact roof with 15 year transferable warranty & rain guard gutters 11/25, new dishwasher, range, water tank, and custom faux wood blinds. They also replaced the septic tank and had it cleaned out. In ‘26 new gravel drive, interior paint and premium spill defense carpet and padding. If you have an RV you will be thrilled with the 30x40x14, vapor barrier slab floored shop built in ‘21 with both 12x12 and 10x10 overhead doors. 200 amp with 220 plugs inside and 50 amp RV hookup outside. LED lights inside and exterior security lights as well. The property has a nice fenced in area for dogs and kids and a chicken pen too!! If you love wildlife this is the acreage for you as you will have deer in abundance!! If you’ve been dreaming of your new home…….come make this one yours before it’s gone!!
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.
