4805 Tate Dr, Oklahoma City, OK 73115
4 beds · 3 baths · 1,849 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This beautifully renovated two-story home offers 4 spacious bedrooms, 2.5 bathrooms, and a versatile downstairs study that could easily serve as a 5th bedroom. Inside, you'll find brand-new flooring throughout, a remodeled kitchen with modern finishes, and stunning bathrooms featuring new tile, updated fixtures, and custom showers. Fresh interior paint adds a clean, contemporary touch. A gorgeous stone, wood-burning fireplace serves as the centerpiece of the living room, framed by custom built-in cabinets that offer both style and function. Situated on a large lot, this property includes a massive in-ground storm shelter for peace of mind, RV parking with a drive thru gate on the east side, and extra parking space for additional vehicles or trailers. Enjoy the outdoors under the expansive covered patio that spans the length of the home--perfect for relaxing or entertaining year round. This move-in ready home combines modern updates with thoughtful features, making it ideal for families, entertainers or anyone looking for flexible living space. Book your private showing today!!! DON'T MISS THIS ONE1
Source: MLSOK #1164712
All values shown are estimated costs / mo.
Source: Public records
Source: MLSOK #1164712
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.