137 Ranch Rd, Elk City, OK 73644
5 beds · 4 baths · 1,830 sqft
Get a free consultation call with an expert in the mortgage assumption process.
REMODELED WITH SQFT ADDED! Buyer to verify square footage. Approximately 400 sqft was added on to the property in addition to the original 1,830 sqft with a ton of updates! New sqft is ESTIMATED at 2,230 MOL. Contact list agent for video walkthrough! This home features 5 bedrooms 3 full bathrooms and a 30x60 SHOP with half bath and heat. Remodel was completed in February of 2024. Remodel includes two bedrooms, a bathroom and linen closet added. All exterior walls were spray foam insulated with standard insulation for interior walls. Updated kitchen with all new appliances. Updated recessed lighting throughout the house and all new light fixtures/ceiling fans and new LVP flooring. New gas tankless hot water heater. Water softener. 2 car garage. Freshly painted exterior and interior! This property is turn key and has too many updates to list! If you are looking for a home that is fully ready to move in and enjoy, this is it! Seller's have done the work for you! Call to schedule your showing today! **Seller is a licensed real estate agent.**
Source: MLSOK #1157746
Source: MLSOK #1157746
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.