4708 Princess Ln, Oklahoma City, OK 73115
3 beds · 2 baths · 1,661 sqft
Discover this gorgeous ranch-style red brick home in Del City, perfectly situated near Tinker Air Force Base with quick access to major highways, downtown Oklahoma City, and the airport. Enjoy the convenience of nearby shopping, dining, and entertainment while relishing the comfort of this spacious and inviting home. This home boasts a **brand-new roof and fresh interior paint**, ensuring a move-in-ready experience! Inside, you'll find three generous living areas, including a stunning **Florida Room** filled with natural light—ideal for relaxing or entertaining. The large kitchen offers ample counter space, abundant cabinetry, and an electric cooktop, making meal prep a breeze. The second living area features a cozy free-standing fireplace, creating a warm and welcoming space to gather. Meanwhile, the primary front living room offers versatile options as a formal sitting area or additional entertainment space. Dine in the dedicated dining area or host larger gatherings in the Florida Room. This home features three spacious bedrooms with large closets. The owner’s suite includes a walk-in shower, while the primary bathroom showcases modern tile updates that beautifully complement the home's original character. Outside, you'll appreciate the large driveway with a spacious carport, providing ample covered parking. Situated on a large lot, this home offers plenty of outdoor space to enjoy. Don't miss this incredible opportunity to own a beautifully maintained home! Schedule your showing today!
Source: MLSOK #1160917
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 #1160917
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.