3504 Stoney Ridge Ct, Yukon, OK 73099
4 beds · 3 baths · 2,340 sqft
****** VA Assumable Loan at 3.52%****** Located in cul-de-sac Located in a welcoming neighborhood with sidewalks throughout and an amazing park for the kids, this beautiful home offers both comfort and convenience. Enjoy relaxing evenings on the inviting front porch before stepping into the spacious entryway and open floor plan. The living room and kitchen blend seamlessly, creating a cozy yet expansive feel, complete with a stunning fireplace featuring a metal insert for those chilly days. The kitchen is a chefs dream with quartz countertops, a built-in gas stove, ample cabinet space, a pantry, and a breakfast bar area perfect for barstools. The primary suite is truly oversized, featuring a luxurious bathroom with double sinks, a walk-in shower, a soaking tub, and a large walk-in closet with direct access to the laundry room. Speaking of the laundry room is exceptionally spacious, offering plenty of countertops for folding, abundant cabinetry for storage, a mud bench, and a convenient coat-hanging area. The home also boasts 2-inch custom blinds throughout. Don't miss this incredible opportunity to own a beautiful home in a fantastic location!
Source: MLSOK #1149588
Financials
Source: MLSOK #1149588
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.