541 Wildmeadow Dr, Edmond, OK 73003
4 beds · 3 baths · 2,481 sqft
Ready for all of the space and rooms needed to grow in Edmond, Oklahoma - in Edmond Schools? You get it here on Wildmeadow! Quietly tucked away from all of the hustle and bustle, yet close enough to enjoy the courtesies of big city shopping, eateries, parks and recreational facilities! Private community pool just a short walk to the East as well! Curb appeal is beautiful with lush landscapes, mature trees and a covered porch to welcome others home or watch a growing community walk their pets! Entry area is commanding with tall ceilings, designer chandelier, beautifully painted pillars and snug-up-to a formal with soothing neutral colors! Formal living with wood-look flooring, ample natural light with the commanding windows and backyard views! Kitchen bookended by family room and formal, blessed with granite counters, pantry, stainless appliances, built-in oven and microwave. Family room includes a fireplace, tray ceiling with crown molding, more wood look flooring and an undisturbed view of the chef's kitchen! Powder bath discreetly situated by the garage and laundry areas! Primary bedroom is blessed with more soothing colors, tray ceiling, crown molding, backyard access and ceiling fan! En suite accessorized with medicine cabinet mirrors, whirlpool tub, sizeable shower, comfort room, and a generous walk-in closet! Secondary beds upstairs and all are blessed with ceiling fans, multiple layout options, suitable closets and plenty of room to grow! Laundry room is dedicated and includes a folding area, ample cabinetry storage and hang-up options. Patio views are magazine good with more of the wonderful landscapes, trees and a greenbelt buffer for privacy and enjoyment! Touchmark, Mitch Park, YMCA, and much more just a few minutes away. Golf course redevelopment back on the drawing board for this must see community! Take the video and 3D tours to find the right layout for your needs. Then call a REALTOR for a private viewing and to make this home YOURS!
Source: MLSOK #1160848
Financials
Source: MLSOK #1160848
Source: Public records
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%. 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.
Other resourcesWhat 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.
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