4000 Bobcat Ridge Rd, Cashion, OK 73016
4 beds · 3 baths · 2,436 sqft
Nestled on 1.86 acres, this custom-designed home is located in the highly sought after Cashion School District. This 2 story open-concept floor plan features 3 bedrooms and 3 full bathrooms downstairs, a bedroom and study upstairs or it could be used as a bonus area. You choose! The living room boasts 27 foot ceilings, a stunning gas fireplace, and sunlight that floods through the windows creating a bright and homey atmosphere. Don't miss the sweet and cozy reading nook at the top of the stairs overlooking the main living space. You will love the flow from the living room into the gourmet kitchen with a large island/bar perfect for entertaining, granite countertops, gas stove with built in microwave and oven. Enjoy the spacious cabinets throughout as well as a huge walk-in pantry. This split floor plan allows you to retire to the primary bedroom separate from the secondary bedrooms. You will notice the eye-catching barn door as you walk into the elegant ensuite with a relaxing jetted tub. Also featured are his and her vanities, a huge walk in closet, and a beautiful tiled shower. The laundry room offers a generous amount of counter top space and cabinet storage including a mud bench perfect for organizing your every day. This stunning custom home built in 2019 offers a perfect blend of serene country living with the pleasures of modern design including access to the magnificent community pond. The 2-car garage and 19 x 26 storage shed are perfect to store all your toys and equipment. Additional features: security system, wired for surround sound, generac generator panel, propane hook up on the back patio to add the outdoor kitchen of your dreams! Aerobic septic and recirculating hot water tank so you never run out of hot water! A gated entry is currently being built to make this a gated community. Ceramic wood plank tile throughout the home with soft carpet in the bedrooms.
Source: MLSOK #1152285
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: MLSOK #1152285
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.