809 NW 194th Ter, Edmond, OK 73012
3 beds · 3 baths · 2,467 sqft
You will fall in love with this beautiful 3 Bedroom, 2 and 1/2 bath home with an open floorplan. Move-in ready and updated with freshly painted rooms, new light fixtures, new wood flooring, and new carpet. Upstairs there is a spacious Bonus room perfect for entertaining or as an optional Bedroom with two closets with attic access. New stainless-steel appliances and hardware in the kitchen. Granite countertops with ornate rough edges over the center island and twisted wood kitchen cabinet details. The living area has a fireplace with gas logs to keep you cozy when the sun goes down. Lit with the flip of a switch. Originally a builder’s show home, there are custom details like crown molding, tray ceilings, and a built-in desk. A newly added wine bar was custom built with a wine refrigerator. Primary ensuite has a step-in shower, whirlpool tub, an adjoining walk-in closet with a unique luggage storage space. Built-in ceiling speakers for an immersive audio experience and wired home security system. Keyless entry at the front door with a deadbolt. New landscaping, roses, daffodils, mulch, and freshly laid sod. A covered back patio, outdoor living space and outdoor cooking space with a ceiling fan, and wood privacy fencing. In the front exterior, a covered front porch and programable exterior lighting that adds curb appeal and safety. An attached two-car garage and a one-car garage has new epoxy flooring. Use the single car garage space as a flex space, private exercise room, or great for storage. Stonebriar Addition maintains a community pool, clubhouse, and playground just a few blocks from the home. Great location with convenient access to shopping, restaurants, and Mercy Hospital. Near Highway 74 for any easy commute to the metro. Schedule your private showing today! Buyer to verify all information. Seller is a realtor, co-lister, and the listing agent is related to the property owners.
Source: MLSOK #1148021
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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: MLSOK #1148021
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 of Equal Opportunity Act.