12517 Babbling Brook Dr, Piedmont, OK 73078
4 beds · 3 baths · 2,126 sqft
ASSUMABLE FHA LOAN AT 3.125% INTEREST AVAILABLE! Step into this beautifully designed 2020-built home featuring 4 bedrooms, 2.1 bathrooms, and 2,126 sq. ft. of modern living space! The open-concept living room boasts soaring ceilings, a striking chandelier, and a neutral gray-and-white color palette, creating a bright and inviting atmosphere. The chef’s kitchen is complete with granite countertops, stainless steel appliances, black cabinets, and a dedicated pantry for ample storage. Fresh paint and brand-new carpet downstairs provide a move-in-ready feel. The spacious primary suite offers a relaxing retreat with an updated light fixture, a large walk-in closet, and an en-suite bath featuring a walk-in shower. Conveniently located nearby, the laundry room and powder bath add ease to daily living. Upstairs, you’ll find three additional bedrooms and a full bathroom, perfect for family or guests. But the real showstopper? The huge backyard—one of the largest in the neighborhood! Enjoy year-round outdoor living with an extended covered patio spanning the entire length of the home. Don’t miss your chance to own this exceptional home—schedule your showing today!
Source: MLSOK #1155013
Financials
Source: MLSOK #1155013
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.