1753 Highway 62, Chickasha, OK 73018
3 beds · 3 baths · 3,864 sqft
Experience country living in this extraordinary red Barndominium set on 29.71 acres of expansive, scenic land – a true must-see! A long gated driveway welcomes you to this gorgeous property, offering country relaxation away from the city. The Barndominium itself is a mechanic's dream, boasting a vast workspace with two roll-up doors, perfect for RV parking. A 30x50 matching red detached shop, complete with a man cave, adds both functionality and charm to the property. Pipe fencing surrounds the grounds, providing an ideal setting for livestock, while a tranquil pond attracts fish, wild turkeys, and deer, making this a nature lover's paradise. Step inside this stunning home, featuring generously sized living spaces and BRAND NEW ANDERSEN WINDOWS! The huge covered front porch sets the stage for relaxation and enjoyment of the surrounding beauty. Safety is paramount with an above-ground storm shelter conveniently located upon entering the home. The kitchen is a chef's delight, offering an abundance of cabinet space, a pantry, and breathtaking granite countertops. Wider doorways enhance accessibility, accommodating large furniture or specific individual needs with ease. The main floor hosts the master suite, complete with a massive walk-in closet and a luxurious master bathroom suite with double sinks, a spacious bathtub, and ample storage. Two spacious open living spaces provide the perfect backdrop for entertainment and relaxation. The first living space, adjacent to the kitchen, features a cozy corner fireplace and a unique spiral staircase leading to the second bedroom suite. The large bonus add-on could be used as an second living room or as an optional third bedroom. It features an open floor plan which is customizable to fit your unique needs and boasts a spray foam ceiling, shiplap accents, and leads to a spacious covered back porch. Conveniently located near the highway and amenities, this property offers the best of country living!!
Source: MLSOK #1122278
Financials
Source: MLSOK #1122278
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.