1202 N 8th Ave, Purcell, OK 73080
3 beds · 3 baths · 2,467 sqft
Back on the market at no fault of the seller! Lender credit up to 1% and the home qualifies for USDA financing with 0% down! Welcome to this charming home, filled with custom touches and thoughtful upgrades! Nestled on an oversized lot, this property offers walk-in closets in every bedroom, while the primary suite is a true retreat with oversized counter space, and an updated shower for ultimate relaxation. The heart of this home features a brand-new fully upgraded electrical panel and a full-home natural gas generator, ensuring comfort and convenience year-round. Step outside and enjoy the private pool and hot tub, perfect for entertaining or relaxing. Inside, you’ll find remodeled bathrooms, new blinds, LED lighting, a spacious pantry, and upgraded ceiling fans throughout. The dining room features a beautiful wood shelf, and the hot tub room boasts fresh carpet and an AC unit for added comfort. Located within walking distance of the elementary school, library, and just minutes from the new SSM and Norman Regional facilities, this home is ideally situated in a vibrant community. Enjoy easy access to Purcell Lake’s events and the revitalized downtown, while peace of mind comes from the nearby fire and police departments. Stay connected with OEC fiber internet. Extras include a Blink camera system, Ring security system, gas fireplace, and a smart front door lock. With its modern upgrades and inviting spaces, this home is perfect for making memories. Schedule your visit today and fall in love!
Source: MLSOK #1142300
Financials
Source: MLSOK #1142300
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.