100 Silverleaf Ln, Elk City, OK 73644
3 beds · 2 baths · 1,783 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This gorgeous custom built home brings all the curb appeal and charm one house could possibly handle and is located in one of the most desirable areas in Elk City. The open floor plan living/kitchen/dining creates the perfect space to entertain. The kitchen is anchored with a large custom tiled island and holds the living room and dining area on either side. The living room features an easy to light and maintain gas fireplace with the same custom tile and surrounded by convenient built ins. The kitchen/dining area includes a wall of cabinets and storage for all of your kitchen needs. The home interior has recently been painted with a beautiful neutral color. The flooring includes rich wood-look laminate flooring and brand-new carpet. Along with the living, kitchen and dining areas, downstairs you will find two bedrooms, a full bathroom and the laundry room. Upstairs contains a massive primary bedroom with a large sitting area or baby nursery space, large bathroom and attic access doorways for all of those storage boxes and holiday decor. There is a storm shelter in the garage floor for peace of mind in our unpredictable Oklahoma weather. The exterior of the home includes the perfect front porch for sitting and watching the kids ride their bikes or the neighbors passing down Peggy. The exterior also includes new polymer siding with a transferable lifetime warranty which has added so much beauty to the home. The roof was replaced in 2020 with impact and fire resistant shingles. The backyard is extremely spacious and includes a beautiful firepit sitting area and also a dog pen area for your furry friends. This house sits on Silverleaf all by itself and has easy access to the alleyway to the west. This home has so much to offer and is a must see to appreciate all of the beauty and charm it holds.
Source: MLSOK #1150560
Source: MLSOK #1150560
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.