5402 Kimberly Rd, Durant, OK 74701
4 beds · 2 baths · 1,568 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 5402 Kimberly Road in Durant, Oklahoma, where modern amenities and thoughtful design create an exceptional living experience! This charming property not only features a spacious 20x20 carport with an attached 10x20 storage area, but also offers extra parking space, making it perfect for accommodating guests, recreational vehicles, or additional family cars. This property also features a covered deck, providing the perfect space for enjoying the outdoors in comfort and style. Whether you're sipping your morning coffee, hosting a barbecue, or simply unwinding after a long day, this covered deck offers a versatile and relaxing retreat. The fully fenced backyard provides a private oasis for relaxation and entertaining, ideal for family gatherings or peaceful afternoons. Inside, you'll find updates such as wood grain tile flooring, granite countertops, and a beautifully tiled shower, adding a touch of luxury to your everyday life. The added fourth bedroom provides the perfect solution for a growing family, a dedicated home office, or a welcoming guest room. This property is situated in a serene neighborhood, providing a peaceful retreat while still being close to the vibrant heart of Durant. The area is known for its friendly community atmosphere and proximity to local amenities. The home is conveniently located near Choctaw Casino & Resort, offering a variety of entertainment and dining options. For those who love the outdoors, Lake Texoma is nearby, providing a scenic setting for boating, fishing, and hiking. With its ample parking, stylish interior updates, and prime location close to shopping centers, schools, and healthcare facilities, 5402 Kimberly Road is the perfect place to call home. Discover the ideal blend of convenience and comfort in Durant!
Source: MLSTECHNOLOGY #2516595
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: MLSTECHNOLOGY #2516595
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.