7750 River Ridge Rd, Muskogee, OK 74403
4 beds · 3 baths · 3,465 sqft
Discover what endless possibilities this amazing 3,465 square foot 3-bedroom, 3-bath home on a sprawling 2-acre lot has to offer you! This home combines comfortable living with ample space including 2-living spaces. As well as 2 flex zones that could be an inside gym, play room, or additional bedrooms as the current owners are using them. The property also has a 12x24 shop next to the house, a 15x18 shop with an attached carport to it, and a 12x12 shed in the backyard currently being used for their homestead venture. Also, in the backyard is a 22x20 deck off of the back of the house that has amazing views above the Arkansas river. After the sunset goes down, and it starts to get chilly come warm up around the natural stone fire pit that is sure to have a lot of stories told around! This property is a unique find offering a blend of living space, functionality, and flexibility. Schedule your private showing today and see how this incredible home can fit your lifestyle.
Source: MLSTECHNOLOGY #2444050
Financials
Source: MLSTECHNOLOGY #2444050
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.