12004 Ava Grace Ln, Yukon, OK 73099
4 beds · 3 baths · 1,893 sqft
FHA ASSUMABLE LOAN AVAILABLE ON THIS PROPERTY! Discover the exquisite Hummingbird floor plan, a remarkable residence featuring 4 bedrooms and 2.5 bathrooms, a true gem in this highly desirable community. Spanning 1,893 sq. ft. of indoor space and an additional 178 sq. ft. outdoors, this home harmoniously combines comfort with sophistication. The expansive 655 sq. ft. three-car garage is equipped with a storm shelter and a convenient side access door for easy entry. Step inside to find an inviting open-concept living area, highlighted by a gas fireplace adorned with elegant stacked stone, which flows effortlessly into the gourmet kitchen. This culinary haven boasts 3 CM quartz countertops, stainless steel appliances, a stylish tile backsplash, a generous corner walk-in pantry, and a chic island featuring a central sink and dishwasher. Retreat to the opulent primary suite, showcasing a boxed ceiling with crown molding and a spa-like en suite bathroom. This luxurious space includes a dual-sink vanity, a whirlpool tub, a spacious walk-in shower, and an oversized walk-in closet equipped with seasonal racks. The covered back patio has been thoughtfully enhanced with a framed structure, new electrical outlets, a modern sliding door, and a convenient dog door, creating an ideal setting for entertaining. It also features a wood-burning fireplace, TV and cable hookups, and a built-in gas line for grilling. This home is outfitted with all the premium Red Series features from Home by Taber, including Smart Home Technology, an advanced air purification system, a Rinnai tankless water heater, energy-efficient solar boards, and R44 insulation. Offering a perfect blend of contemporary luxury and meticulous upgrades, this residence is an absolute must-see!
Source: MLSOK #1161089
Financials
Source: MLSOK #1161089
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.