9888 E 470 Rd, Claremore, OK 74017
5 beds · 3 baths · 3,018 sqft
Great, large home in a stunning setting on 10 acres (+/-) and only one mile from Heritage Hills golf course. The home has 5 bedrooms, 3 bathrooms, a completely remodeled kitchen with granite countertops, an island, stainless steel appliances, and two large pantries. Off the utility room hall is an in-law room and a full bath. 3 bedrooms upstairs have one bathroom and each has a walk-in closet. There is also a common area upstairs for a tv room or study area. There are two cedar closets upstairs and a walkout attic fully floored for storage. The great room has a woodburning fireplace w/ gas starter, beamed ceiling and an adjacent office/study w/ French pocket doors. The master suite has a large walk-in closet, and the master bath is handicapped accessible w/ a large walkin, tile shower. A formal dining/sitting room is just off the kitchen. Great property for recreational purposes, horses or those who need a nice home and a huge shop. 10 acres, fully fenced, relatively new 40' X 60' steel shop w/ lighting, 220 volt receptacles, tack room, equipment storage lean to and 2- 12' X 20' custom stalls. Also features an older barn for storage or livestock. Owners can have their own little creek in a picturesque setting with many mature pecan trees producing an abundance of native pecans. Plenty of pasture and room for several horses or other livestock
Source: MLSTECHNOLOGY #2510096
Financials
Source: MLSTECHNOLOGY #2510096
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.
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