8247 Peaceful Ln, Kingston, OK 73439
4 beds · 2 baths · 1,798 sqft
Welcome to this beautiful 4 bedroom Lake Texoma home situated on a 1 acre lot in the coveted Washita Point! Outside features include a large steel framed covered porch with Trex decking, fire pit, storage building, hot tub, and plenty of space to build a large shop if needed. New AC unit Summer 2024. New roof 2021. Home is a solid build by Solitaire with all walls tape and textured. Interior features a large open floor plan that is perfect for entertaining. New flooring just installed throughout living, kitchen, dining, and hallway. Living area is perfect size for large furniture if needed. Kitchen has ample counter space and cabinet storage. Primary suite includes a large walk in closet, dual sinks, and walk in shower accommodated by a corner garden tub. Secondary beds are all of great size. Secondary bath features dual sinks and full size shower/tub. This property is a golf cart ride from the lake where a sandy beach awaits you to make memories with family and friends. Neighboring Alberta Creek marina provides boat ramp access, slips, and restaurant. This could be your ideal forever home, weekend retreat, or short term rental property. Schedule your showing today!
Source: MLSOK #1159149
Financials
Source: MLSOK #1159149
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.