11204 Cedar Ridge Rd Oklahoma City, OK 73162
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About this home
Welcome to this stunning custom-built home that perfectly combines elegance, comfort, and functionality. From the moment you arrive, the show-stopping curb appeal and mature trees create a warm, inviting feel. Inside, enjoy fresh interior paint, soaring ceilings, and a spacious open floor plan designed for entertaining and everyday living. The chef’s dream kitchen features a massive island, granite countertops, abundant cabinetry, and plenty of room for hosting. The primary suite on the main floor offers a peaceful retreat with a luxury bathroom featuring high-end countertops and fresh carpet in both master closets. Upstairs includes three generously sized bedrooms, a theater room with a private balcony, and two updated bathrooms, including a Jack-and-Jill bath connecting two of the bedrooms. Step outside to your resort-style backyard oasis with a heated saltwater pool and spa, lush landscaping, and outdoor lighting, perfect for relaxing or entertaining year-round. Ideally located close to dining, shopping, and nearby amenities, this property also offers the benefit of no HOA and beautiful neighborhood fishing ponds, creating the perfect blend of convenience, privacy, and outdoor living. Additional features include a spacious laundry room with granite countertops and extra storage, a formal dining area ideal for large gatherings, and a three-car garage with epoxy flooring and insulated doors. Every detail of this home has been thoughtfully designed and maintained, offering the perfect balance of luxury, comfort, and functionality, truly a place you’ll be proud to call home.
Source: MLSOK #1196801
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.