1460 County Street 2980, Blanchard, OK 73010
5 beds · 3 baths · 4,451 sqft
VERY MOTIVATE SELLERS!! WILL CONSIDER ANY AND ALL OFFERS!! WILL ALSO CONSIDER SELLING ADDITIONAL 4 ACRES INCLUDING SHOP W/ LIVING QUARTERS & BARNDO FOR POTENTIALLY 2 FORMS OF RENTAL INCOME!! Super Energy Efficient home is totally encapsulated in spray foam, excluding garage. Electric bills are soooo low for this size of home. Home had a near complete rebuild in 2022. 1 ACRE with all the bells and whistles. As you enter, you'll be amazed by the grand living room that opens to the drool-worthy kitchen, featuring large island with table attached, wall of cabinets, double fridge stays and laundry room has space for a full sized freezer. Master is HUGE with sitting area. Closet has loads of storage & built-ins, Soaker Tub, Double Vanities & Rain Shower. Backyard is an OASIS!!! 20x40 Inground Pool, Pergola & large covered patio. Pool Table & swings to stay. 2nd living/gameroom has builtin speakers & Huge Ceiling Fan. Doggy Apartment under the stairs is everyone's favorite feature w/ a doggy door that exits to the backyard. Extra wide stairs welcome you to the 2nd level living area complete with kitchenette with mini fridge & ice maker, fireplace, laundry facilities & 3 bedrooms. Tempered window at bottom of stairs for safety. No deatail was left untouched with this beauty!! Home is under contract with contingency & kickout clause.
Source: MLSOK #1140580
Financials
Source: MLSOK #1140580
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.