4412 NW 57th St, Oklahoma City, OK 73112
2 beds · 2 baths · 1,408 sqft
Welcome to a charming and thoughtfully updated home in Oklahoma City that perfectly blends comfort, style, and practicality. From the moment you step inside, you'll notice the warm and welcoming ambiance created by the newly installed hardwood floors that seamlessly connect the living spaces. The spacious living room offers an open canvas for your personal touch, while the kitchen is equipped with modern upgrades, including a newly replaced garbage disposal and appliances like an oven and microwave, both just three years old! For added peace of mind, a closet in the hallway conveniently stores extra hardwood planks for potential flooring needs. Behind the scenes, this home boasts well-maintained infrastructure. The septic main line was replaced three years ago, complete with a clean-out, and the washer gray water line was updated just two years ago, offering additional convenience. Plus, the A/C system received upgrades to the compressor and fan within the last two years, ensuring year-round comfort. Step outside to your backyard retreat, where a covered patio hosts an inviting hot tub—perfect for unwinding after a long day. The exterior also features a 3-year-old roof with new decking and gutters equipped with leaf filters for easy maintenance. Energy efficiency shines throughout, with spray foam insulation in the exterior walls and 14 inches of attic insulation added just 1.5 years ago, reducing energy costs and maintaining climate control. Every detail of this home reflects thoughtful care and intentional updates designed to provide a worry-free lifestyle. Schedule your private tour today to see all the beauty and functionality 4412 NW 57th St has to offer!
Source: MLSOK #1150687
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.
Have questions? Email support@withroam.com
Source: Public records
Source: MLSOK #1150687
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.