1816 N Indiana Ave, Oklahoma City, OK 73106
4 beds · 3 baths · 1,974 sqft
Beautiful 1926 Craftsman-style home located in the highly sought-after Gatewood Historic District, just minutes from downtown Oklahoma City. This 4-bedroom, 3-bathroom home offers a well-thought-out floor plan, featuring spacious bedrooms and ample closet space. The neighborhood is renowned for its strong sense of community, with Halloween trick-or-treating being a major event. The home is a block from the vibrant Plaza District, and St. Francis of Assisi Catholic Church and Rosary School are close by, offering easy access to local amenities and top-rated schools. The mature trees and shady backyard provide a serene outdoor space, while the close proximity to Oklahoma City University and the city’s dynamic arts districts—Plaza and Paseo—ensures that entertainment, dining, and cultural experiences are always nearby. The historic Tower Theatre and the revitalized 23rd Street corridor add to the vibrant atmosphere of the area. The home has been well-maintained, with significant updates including newly repaired exterior wood siding, soffit, and fascia, fresh exterior paint, and a completely repainted interior. The main bathroom features a new tub and surround, and the main AC unit, coils, and furnace were all replaced in 2024 at a cost of $15,000. A new roof was installed in 2017, and several light fixtures have been updated. The front and back doors also feature new exterior hardware and locks. This historic home blends timeless charm with modern updates, offering the best of both worlds in one of Oklahoma City’s most desirable neighborhoods. Contact us today for a hassle free showing.
Source: MLSOK #1145803
All values shown are estimated costs / mo.
Source: Public records
Source: MLSOK #1145803
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.