12505 Jacinth Ct, Oklahoma City, OK 73170
4 beds · 3 baths · 2,689 sqft
Welcome to your dream home, nestled in a serene and peaceful neighborhood, just a short stroll from the highly regarded South Lake Elementary School. This prime location offers the convenience of easily walking or riding their bikes to school. This beautiful residence features a flexible layout with four or three bedrooms plus an office —perfect for families and remote workers alike. Upon entering, you'll discover a fresh and inviting interior, highlighted by brand-new carpet throughout the upstairs living area. The heart of the home includes a modern kitchen outfitted with a new dishwasher, making meal prep a breeze. Just off the kitchen, there's a cozy, informal dining area ideal for casual meals, alongside a formal dining room perfect for hosting special occasions and holiday dinners. A newly installed and upgraded 50-gallon hot water tank guarantees an ample supply of hot water for all your daily needs. With three full bathrooms, morning routines are effortless for the entire family. The second floor features two spacious bedrooms that share a convenient Jack and Jill bathroom, while the additional bathrooms offer plenty of privacy and accessibility for guests. On the main level, enjoy the elegant charm of hardwood floors or tile, creating an easy-to-maintain living space that's perfect for entertaining. Picture yourself hosting gatherings in the open-concept living areas, which flow seamlessly into the large backyard—a perfect oasis for outdoor activities, gardening, or simply relaxing in the fresh air. Don't miss out on this exceptional opportunity to own a lovely home in a quiet neighborhood with top-notch amenities nearby. Schedule your showing today!
Source: MLSOK #1156624
Source: MLSOK #1156624
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
What 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 “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.
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 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 of Equal Opportunity Act.