812 SW 26th St, El Reno, OK 73036
4 beds · 3 baths · 2,283 sqft
Stunning 4-Bedroom Home with Pool, Cabana & Sunroom in El Reno, OK! Welcome to 812 SW 26th Street in El Reno, Oklahoma, where modern updates blend seamlessly with timeless charm. This spacious 4-bedroom, 2.5-bathroom home offers 2,283 sq ft of well-designed living space, ideal for those who value both style and comfort. Inside, you’ll find an open-concept layout featuring fresh updates and new finishes throughout, including two full bathrooms in the main house. One of the standout features of this home is the beautiful sunroom, offering a bright and peaceful space to enjoy year-round. Whether it’s for morning coffee or evening relaxation, the sunroom adds an inviting touch to the home's unique character. Outside, the property truly shines with its large inground pool and cabana, which comes complete with its own bathroom making it easy for guests to clean up after enjoying the pool. The backyard is perfect for summer gatherings, poolside lounging, and outdoor living at its finest. Additional highlights include a new roof, new guttering with leaf filters, new downspouts, and new exterior French doors installed in 2022 and an upgraded electric panel ready to support solar energy, ensuring this home is both stylish and future-ready. Situated in a quiet, desirable neighborhood, this home is conveniently located near schools, shopping, and dining. With its modern updates, sunroom, and outdoor retreat, this property is move-in ready and a rare find in the El Reno market. Schedule your tour today and experience all this exceptional home has to offer! This home is on an assumable FHA Loan with a current rate of 3.5%!
Source: MLSOK #1137358
Financials
Source: Public records
Source: MLSOK #1137358
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.
What 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.