13751 E Reno Ave, Choctaw, OK 73020
4 beds · 2 baths · 2,369 sqft
Update interior paint! This beautiful 4-bedroom, 2-bathroom home is nestled on a spacious 1.24-acre lot, providing the perfect blend of comfort, privacy, & safety. The exterior showcases charming brickwork with a well-maintained front lawn, a spacious driveway, a 3-car garage, and a storm cellar for added peace of mind during inclement weather. Surrounded by mature trees & open spaces, the property offers a serene and inviting atmosphere. Upon entering, the dining and living area greets you with warm natural light, high tray ceiling, & an elegant fireplace that adds a cozy touch to the space. The open floor plan is complemented by stunning wood type flooring & accent walls, giving the room a modern yet homey feel. Large windows overlook the backyard, creating a seamless indoor-outdoor connection. The layout is designed for convenience & relaxation, making it ideal for gatherings or quiet nights in. The kitchen in this home exudes a warm, rustic charm with its rich wooden cabinetry & natural stone finishes. The dark wood cabinets provide ample storage, while the granite countertops, including a central island, offer plenty of workspace for meal preparation. Stainless steel appliances, including a modern gas stove & built-in microwave, add a contemporary touch. The island serves as a focal point, perfect for casual dining or entertaining. Above, a chic chandelier-style light fixture adds a stylish and modern flair, balancing the earthy tones of the cabinetry. Natural light pours in through large windows, illuminating the open layout and highlighting the intricate tile backsplash. This kitchen is designed for both functionality and aesthetic appeal, offering a comfortable and welcoming space. The expansive outdoor space is perfect for gardening, outdoor activities, or simply enjoying the peaceful surroundings. Experience ample space both indoors & outdoors and ideal for those seeking tranquility without sacrificing modern amenities.
Source: MLSOK #1161735
Financials
Source: MLSOK #1161735
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.