922 Oakridge Rd, Ardmore, OK 73401
3 beds · 2 baths · 1,768 sqft
Nestled on 10 acres (MOL) at the end of a quiet dead-end road, this 2008 built home offers the perfect balance of rural tranquility and city convenience. Located within city limits yet surrounded by trees for privacy, this property provides a serene retreat just minutes from the local grocery store and Lone Grove Schools. A tree-lined gravel driveway leads you to a welcoming circle drive, setting the tone for the warmth and charm inside. Step inside to an inviting open-concept living space, where the living room, kitchen, and dining area flow seamlessly together, maximizing natural light from large windows and a sliding glass door. A wood beam ceiling enhances the rustic cabin vibe, while the wood-burning fireplace ensures cozy evenings, even during power outages. The kitchen is well-appointed with plentiful cabinetry, generous counter space, a center island with additional seating, and stainless steel appliances. The split bedroom floor plan offers privacy, with the primary suite situated separately from the two guest bedrooms and bath. The spacious primary bedroom features a step-up ceiling design, while the en-suite bath boasts dual vanities and a soaking tub for ultimate relaxation. Outside, the entire property is fenced for security and peace of mind, offering a perfect blend of open pasture and wooded areas. Whether you're looking for space to roam or simply enjoy the great outdoors, this property delivers. An above ground pool stays with the home and is conveyed as-is. If you're ready to escape the hustle and bustle and embrace a more peaceful way of life, this home is ready to welcome you!
Source: MLSTECHNOLOGY #2511327
Financials
Source: MLSTECHNOLOGY #2511327
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.