1064 Lakeside Dr Fort Towson, OK 74735
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About this home
Welcome to your dream getaway or year-round residence on Lake Raymond Gary. This beautifully maintained two-bedroom, two-bath lake home with a two car covered carport combines comfort, style, and the perfect setting for entertaining. On a serene waterfront lot, the home offers picturesque lake views and seamless indoor-outdoor living. Recently updated with all-new paint inside and out, new siding, and a new metal roof. Inside, you’ll find a thoughtfully designed floor plan featuring a wood fireplace with insert in the living area and an office/bonus room with large windows that flood the space with natural light. Out the doors of the office/bonus room is a covered porch 18 sq ft X 18 sq ft overlooking the lake front, covered pier with roll down shades, fan, and boat dock. The kitchen boasts modern appliances (all included) and ample storage with a walk-in pantry perfect for casual dining or hosting guests. The primary suite with lake views includes a private bath and dual walk-in closets. The laundry room is off the primary suite with a separate hot water heater. The second bedroom and full guest bath provide comfort and flexibility for family or visitors. Step outside to discover multiple outdoor entertainment areas designed for relaxation and social gatherings. Enjoy morning coffee or sunsets on the expansive lakeside deck, host unforgettable cookouts from the covered patio, or gather around the three firepits under the stars. A private fenced area that has a jacuzzi for relaxing after a long day. A gently sloped yard leads to your private waterfront access, ideal for boating, fishing, or simply soaking in the tranquil surroundings. Additional features include a 10 sq ft X 12 sq ft storage/tool shed with A/C, a Blink camera system, camper hookup with a concrete pad. Whether you’re seeking a peaceful weekend retreat or an entertainer’s paradise, this turnkey lake home offers the best of both worlds. Don’t miss the opportunity to own a lakefront home.
Source: MLSTECHNOLOGY #2529915
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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