1154 SE 16th Pl, Newcastle, OK 73065
3 beds · 2 baths · 1,619 sqft
Get a free consultation call with an expert in the mortgage assumption process.
BACK ON THE MARKET. An exquisite home sitting just beyond the town limits. This home is ready and waiting for a new family. Ceilings are adorned with crown molding, expansive windows provide natural light creating a warm and inviting ambiance. the layout features a split floor plan and an open concept. The spacious living room is a true centerpiece, showcasing a cozy gas fireplace and beautiful laminate flooring. The kitchen is equipped with granite countertops, double sink, stainless steel appliances, generous cabinet space and a convenient pantry. The master suite is a tranquil retreat boasting a double vanity, built in medicine cabinets, a soaker tub, separate shower and a spacious walk in closet. Step outside into the fully fenced backyard designed for relaxation and privacy. The hot tub wiring is already in place, covered patio and pergola make this backyard great for entertaining or just relaxing. This property boasts a split three car garage providing ample and storage along with an underground storm shelter capable of accommodating up to eight people. Don't miss making this your dream home.
Source: MLSOK #1107303
Source: MLSOK #1107303
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.