1303 N 6th Ave, Durant, OK 74701
3 beds · 3 baths · 2,806 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Attention investors! Looking for a 2-for-1? This home is just one block from Southeastern and features a detached apartment, providing twice the rental opportunity! For those seeking their next home, this property features an assumable 3.125% FHA loan for the right buyer. Brimming with character, light, and thoughtful craftsmanship, this stunning two-story Tudor Revival offers a graceful charm and an unbeatable location. This delightful home has three beds, two and a half baths, multiple living areas, a fantastic covered patio, two storage sheds, and a backyard workshop—plus a rare bonus: a detached apartment! The apartment includes a kitchenette, full bath, and washer/dryer hookups, offering endless flexibility for guests, rental income, or multigenerational living—just one block from Southeastern Oklahoma State University. Beautiful architectural details crown this historic gem, from arched doorways and unique built-ins to a charming mailroom (with its original mail slot!), glass doorknobs, and Art Deco backplates. A fireplace anchors one of the living areas, just waiting for felt stockings and holiday greenery. Sunlight pours through multi-pane windows, highlighting each room. An inviting kitchen with gorgeous light blue cabinetry offers both style and function with ample storage, including a center island. Just off the kitchen are versatile spaces that could serve as a formal dining room, breakfast nook, den, or game room—whatever fits your lifestyle. The main bedroom offers an adjoining sitting room — ideal for a nursery, home office, or creative studio. A flex space with its own exterior entrance offers even more possibilities—think private office, guest suite, or fourth bedroom. With just a little polishing and a few updates, this home could shine for decades to come. Own a piece of local history with charm, space, and income potential—only steps from campus.
Source: MLSTECHNOLOGY #2515959
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: MLSTECHNOLOGY #2515959
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.