8305 NW 158th St, Edmond, OK 73013
4 beds · 2 baths · 1,904 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Nestled in a peaceful and meticulously maintained neighborhood, this beautifully kept home offers the perfect balance of comfort, space, and practicality. With four generously sized bedrooms, there's plenty of room for family, guests, or the flexibility to create a dedicated office, gym, or hobby room. At the heart of the home is a warm and inviting living room—ideal for hosting gatherings or simply enjoying cozy evenings in. Every corner of the home showcases thoughtful care, from the gleaming floors and pristine kitchen to the well-organized storage areas. Step outside and you’ll discover your own private retreat: a spacious back patio complete with a cozy outdoor fireplace—perfect for relaxing evenings or entertaining under the stars. The generous backyard offers endless possibilities to create your dream outdoor oasis, whether it’s a lush garden, play area, or a spot to simply unwind in peace. The curb appeal is just as impressive, with tidy landscaping and a clean, welcoming exterior that reflects pride of ownership. One of the standout features is the oversized garage—spacious enough to comfortably fit a large truck with room to spare. Whether you’re a car enthusiast, need storage for tools and equipment, or just appreciate extra space, this garage is a rare and valuable find. This home offers a lifestyle of comfort and functionality, with room to grow, relax, and truly make it your own. Currently zoned for Rose Union Elementary, but starting August, this home will be in the boundary for the brand-new Knight Ridge Elementary — just one mile away! Don’t miss the chance to be part of this growing community and have access to a brand-new school right around the corner!
Source: MLSOK #1165370
All values shown are estimated costs / mo.
Source: Public records
Source: MLSOK #1165370
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.