801 N Kiowa St, Chouteau, OK 74337
4 beds · 3 baths · 1,963 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Tucked in the peaceful Chouteau Hills neighborhood, this beautiful recently renovated home sits on a sprawling 1 plus acre corner lot filled with mature trees, offering plenty of privacy. The fully fenced backyard backs up to a peaceful wooded area, creating a perfect retreat. Completely renovated in 2021, this home shines with fresh interior and exterior paint, and new flooring throughout. The fully updated kitchen features granite countertops, a stylish backsplash, white cabinetry, and modern recessed lighting. Enjoy cooking with newer stainless-steel appliances, including an oven, microwave, and dishwasher, along with a sleek stainless double sink and an industrial-grade faucet. The spacious living room boasts vaulted ceilings and vinyl flooring, which continues throughout the home, and a newly installed storm door enhances both style and security. The master and guest bathrooms have also been tastefully updated with white cabinetry, resurfaced countertops, waterfall faucets, and elegant enclosed mirrors. Both bathrooms include shower/tub combos and new toilets, providing comfort and convenience. With easy access to Chouteau Public Schools, Highway 69, and US HWY 412, this home is just 10 minutes from the MidAmerica Industrial Park and under a 40-minute commute to Tulsa, making it an ideal location. Don't miss out on this stunning home! Schedule a showing today and experience everything 801 N Kiowa Ave has to offer!
Source: MLSTECHNOLOGY #2434878
All values shown are estimated costs / mo.
Source: Public records
Source: MLSTECHNOLOGY #2434878
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.