2601 S May Ave, Oklahoma City, OK 73108
4 beds · 2 baths · 3,089 sqft
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"This package deal offers a unique opportunity with two properties included: a 2-bedroom, 1-bathroom, 1,100 sq. ft. two-story home with new carpet and blinds at 2904 SW 25th Street and a 20x20 shop conveniently located to the west of the property. Additionally, the stunning historic home at 2601 S May Ave in Oklahoma City features five bedrooms, two bathrooms, and 3,089 sq. ft. of character, warmth, and potential. Built in 1920, this home seamlessly blends timeless charm with thoughtful updates for modern living. A new roof and gutters were installed just last year, ensuring durability and peace of mind. Upon arrival, the inviting front porch sets the tone for the elegance that awaits inside. Original hardwood floors gleam under abundant natural light, while intricate details such as a striking stained-glass window and original hardware enhance the home’s historic charm. The main level features a cozy living room with an exposed brick accent wall, a formal dining room ideal for gatherings, a thoughtfully updated kitchen, a bathroom, and a versatile room that can serve as a bedroom or office. The breathtaking staircase leads to the second floor, where four spacious bedrooms await, including one with a unique makeshift kitchen—perfect for a guest suite or easily converted back to its original use. The private upstairs foyer opens to a charming balcony with a spiral staircase leading to the main level. Above, a massive attic offers incredible storage or the potential for a finished bonus space. The home also includes a large basement for additional storage or a workshop. Outside, the backyard oasis features a sparkling pool and hot tub with fully functional equipment, perfect for summer enjoyment. This one-of-a-kind home combines historical charm with modern convenience, making it a rare gem. Don’t miss your chance to own a piece of Oklahoma City history!"
Source: MLSOK #1151521
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: MLSOK #1151521
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 and Equal Opportunity Act.