805 W 1st St, Hugo, OK 74743
3 beds · 2 baths · 1,380 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Nestled in the heart of Hugo, this charming 3-bedroom, 2-bathroom home offers the perfect combination of small-town charm and modern convenience. Situated on two spacious lots, this property boasts plenty of outdoor space for relaxing, entertaining, or expanding. Whether you're a first-time homebuyer or looking for an investment opportunity, this beautiful home has everything you need to settle in and enjoy life in southeastern Oklahoma. Whispering Winds is more than just a home?it's a lifestyle. From the moment you step inside, you'll be greeted by an inviting, open floor plan with plenty of natural light. The living room flows effortlessly into the kitchen and dining area, making it perfect for family gatherings or quiet evenings at home. The kitchen offers ample cabinet space and modern appliances, giving you everything you need to prepare delicious meals for friends and family. All three bedrooms are spacious, with plenty of closet space. The bathrooms are well-appointed, featuring updated fixtures and storage space. The home is move-in ready and designed for easy living! Right outside you can enjoy the expansive outdoor space that comes with two lots! You'll love the privacy and tranquility of this neighborhood while still being close to all the amenities Hugo has to offer. Hugo is known for its warm community atmosphere, and living here gives you easy access to a variety of local amenities. Enjoy nearby parks, shopping, and restaurants just minutes away. Hugo Lake is also just a short drive for boating, fishing, and camping. For those who love to travel or work in Texas, the Texas border is conveniently close, offering the best of both states. Don't miss out on this incredible opportunity to own a piece of Oklahoma charm, just minutes from Texas. Schedule your tour today and see why 805 W. 1st St is the perfect place to call home!
Source: MLSTECHNOLOGY #2508536
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 #2508536
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.