19430 Highway 80, Hulbert, OK 74441
4 beds · 4 baths · 2,596 sqft
Discover the perfect blend of modern comfort and rustic charm in this stunning fully furnished modern farmhouse, located on approximately +/- 2.5 acres with breathtaking views of Fort Gibson Lake. This custom-built 4-bedroom, 4-bath home offers spacious living and luxurious amenities in a serene lakeside setting. The primary suite, located on the main floor, features a large walk-in closet and a spa-like ensuite with a freestanding soaking tub, double vanity, and a walk-in shower. Upstairs, you'll find three generously sized bedrooms, each with walk-in closets, and two full bathrooms. The home's layout includes two spacious living areas, ideal for entertaining, with the main living room boasting a cozy fireplace. The kitchen features high-end KitchenAid appliances, a large island with ample storage, pantry and a modern yet functional design. Step outside to the expansive covered front porch, where you can soak in the tranquil lake views, or retreat to the secluded back patio, complete with a hot tub and picturesque wildlife views. An enclosed porch connecting the house and the 3-car garage provides an inviting space to relax year-round. One bay of the garage is heated and cooled with a mini-split unit, offering versatile use as a gym, office or workshop (gym equipment not included). Solar panels make this home exceptionally energy-efficient. With its blend of beautiful design and prime lakeside location, this property offers the ultimate retreat for relaxation and entertaining. Don't miss this rare opportunity to own a slice of lakeside paradise!
Source: MLSTECHNOLOGY #2441210
Financials
Source: Public records
Source: MLSTECHNOLOGY #2441210
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.