17313 Hawks Tree Ln, Edmond, OK 73012
4 beds · 3 baths · 2,823 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This beautiful 4 bed, 3 bath home is located in the Silverhawk addition and is perfect for anyone looking for plenty of space! Inside, the living room is spacious and inviting, complete with a cozy fireplace that’s perfect for relaxing or gathering with loved ones. The kitchen is a standout feature, offering plenty of counter and cabinet space, a gas stove, an updated sink, and a walk-in pantry that provides all the storage you could need. The formal dining area is ideal for hosting dinners or enjoying everyday meals. The primary bedroom is a true retreat, featuring a stunning en suite bathroom that has been completely remodeled. It includes a deep soaker tub, a large shower, and a walk-in closet, creating the perfect space to unwind. The secondary bedrooms are generously sized and can easily be adapted to suit your needs. The tandem garage has room for 3 cars. Step outside to the backyard, which has a covered patio that has been extended, offering plenty of room for relaxing or hosting gatherings. Recent updates to the home include completely remodeled bathrooms, a new concrete patio added to the front of the house, and updated flooring, doors, and light fixtures throughout. The windows have been tinted for added energy efficiency and privacy, and the fresh paint gives the home a clean, modern look. This home truly has it all, with a spacious layout, thoughtful updates, and a welcoming atmosphere. It’s move-in ready and waiting for you to make it your own.
Source: MLSOK #1162654
All values shown are estimated costs / mo.
Source: Public records
Source: MLSOK #1162654
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 of Equal Opportunity Act.