1648 Lanesboro Dr, Oklahoma City, OK 73120
3 beds · 2 baths · 1,264 sqft
NEWER CONSTRUCTION HOME IN THE HEART OF THE VILLAGE! THIS 3 BEDROOM, 2 BATHROOM AND 2 CAR GARAGE HOME WILL DO NOTHING BUT IMPRESS! IT SITUATED ON A QUIET STREET IN THE BACK OF THE HIDDEN VILLAGES NEIGHBORHOOD ON A GENEROUSLY SIZED LOT! AS YOU ENTER THE HOME YOU WILL BE GREETED WITH AN OPEN CONCEPT LIVING, DINING AND KITCHEN SPACE! THE LIVING AREA OFFERS PLENTY OF SPACE AND FLOWS SEAMLESSLY TO THE KITCHEN AND DINING AREA! THE KITCHEN OFFERS A GAS COOK TOP, BUILT IN MICROWAVE AND A TRUE PANTRY! YOU WILL ALSO BE ABLE TO ACCESS THE LARGE BACKYARD AND COVERED PATIO FROM THIS AREA OF THE HOME! THE HOME IS PERFECTLY FINISHED WITH BRAND NEW CARPET IN ALL OF THE BEDROOMS PLUS NEWER WOOD LOOK FLOORING IN THE BATHROOMS AND COMMON SPACES OF THE HOME. BOTH SECONDARY BEDROOMS ARE SIZED WELL WITH CEILING FANS AND HAVE GREAT CLOSET SPACE! THERE IS A HALL BATHROOM FOR THE SECONDARY BEDROOMS AND GUESTS TO UTILIZE! THE PRIMARY BEDROOM WILL WOW YOU WITH IT'S ATTACHED ENSUITE BATHROOM AND HUGE WALK IN CLOSET! MANY WILL APPRECIATE THE TRUE LAUNDRY AREA WHICH LEADS YOU TO A FULL SIZED 2 CAR GARAGE!
Source: MLSOK #1160248
Source: MLSOK #1160248
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.
What 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.