18301 Sierra Ln, Newalla, OK 74857
3 beds · 3 baths · 2,253 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Nestled on 5 breathtaking acres surrounded by mature trees and peaceful countryside views, this well-loved and beautifully maintained property offers the best of serene country living with all the conveniences you could ask for. The gorgeous traditional brick home boasts 2,253 square feet of thoughtfully designed living space with 3 spacious bedrooms, 3 full bathrooms, and 2 inviting living areas—perfect for comfortable family living or entertaining guests. Step into the grand entryway that opens into a bright and open living room with high ceilings, a gas-burning fireplace, and seamless flow into the open-concept kitchen featuring stainless steel appliances, bar seating, and a large dining area ready for your next gathering. Enjoy year-round relaxation in the two enclosed patio spaces—one currently used as a workout room with a mini-split system, and the other, a charming Florida room flooded with natural light. The owner’s suite offers a peaceful retreat with large windows, a generous walk-in closet, garden tub, and separate shower. The second living area is perfect for a game room, movie room, or home office, showcasing beautiful wood flooring and flexible space to suit your lifestyle. Step outside to a large covered patio, perfect for outdoor dining and enjoying the quiet beauty of your land. This property is packed with exceptional extras, including: A 30x50 workshop on slab with two manual garage doors; a 3-stall horse barn; a large dog kennel; a chicken coop; a well house with a second well on the property; Septic system; Three-car garage; Fully fenced acreage with a gated entry; and a large paved driveway; This property is more than just a home—it's a lifestyle. With wide open spaces, gorgeous views, and all the amenities needed for country living, this peaceful retreat is ready to welcome you home. Don’t miss your opportunity to own a rare and stunning piece of Oklahoma land!
Source: MLSOK #1163785
Source: MLSOK #1163785
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 and Equal Opportunity Act.