11605 NW 111th St, Yukon, OK 73099
4 beds · 3 baths · 2,796 sqft
Custom built home in the Fairways of Surrey Hills. New roof in 2023, water heater replaced in 2021 and new flooring in 2024. This 4 bedroom or 3 bedroom with study, 3 bath home has everything a family needs including a backyard large enough for a pool. The family room with stacked fireplace is open to the kitchen with stainless steel appliances, granite counters and a walk in pantry. The kitchen has beautiful wood cabinets, a center island, breakfast bar and large eating area. There is also a butlers pantry. The laundry room has additional cabinets and a sink. There are also extra storage cabinets in the hallway. The large primary bedroom has an en suite bathroom and large walk in closet with tall dresser. The bathroom has double vanities, whirlpool tub and separate shower. Two more bedrooms on the other side of the house with Jack and Jill bath. There is a 4th bedroom with walk in closet and bay window that would be a beautiful study or office. There is a large partially covered patio off the family room with a fenced on backyard. The 3 car garage has a storm shelter. Home has been professionally cleaned and is move in ready!
Source: MLSOK #1150660
Financials
Source: MLSOK #1150660
Source: Public records
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%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.