1213 NW 197th St, Edmond, OK 73012
4 beds · 4 baths · 4,677 sqft
Get a free consultation call with an expert in the mortgage assumption process.
BACK ON MARKET! Buyers financing fell through so we are back on the market at no fault of seller! SELLER IS A RELOCATED VETERAN & HIGHLY MOTIVATED TO SELL! 4,677 sq. ft. **Edmond Schools!** Danforth Farms – NO HOA! **MOVE-IN READY!** PRICE TO SELL $415,000!!! 4 Bed + Game/Flex Room 2 Living Areas 2 Dining Areas + Study 3 Full & 1 Half Bath 2-Car Garage + In-Ground Pool The lower level features a spacious study with built-ins and a primary suite with a walk-in closet, soaking tub, walk-in shower, quartz countertops, modern light fixtures! Private patio sitting area close to primary suite! The kitchen boasts stunning granite countertops, a cooktop stove, double ovens, a double sink that includes an EcoWater UV reverse osmosis system (option to buy) to ensure pure water, ample cabinet space, and both casual and formal dining areas. The living room has a fireplace with built-in shelving/cabinets and plenty of natural sunlight throughout. Utility/laundry room that includes a sink and additional storage with a half bathroom right outside the walkway. As you exit the second patio leads to the backyard oasis, complete with a poolside shower and a 9-ft deep in-ground pool! Upstairs, the second level offers even more living space, including a second living area, 3 large bedrooms, plus a game/flex room, and 2 full bathrooms! Option to buy- EcoWater UV reverse osmosis system that removes up to 99% of contaminants from kitchen drinking water, while also filtering water throughout the home for soft, clean water. (If you're not familiar with this system, check it out to see all the amazing benefits!) UV-C lights for the HVAC system! (This is an ultraviolet light that kills germs and mold in heating and cooling systems. It helps improve the air quality, helps prevents mold, boosts energy efficiency, and promotes a healthier living environment).
Source: MLSOK #1141234
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: MLSOK #1141234
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.