14604 Pony Rd Oklahoma City, OK 73134
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About this home
This incredible home is quietly nestled in the established Remington neighborhood and features an incredibly accessible location, matured trees, and attention to detail. The owners have taken great pride in home ownership over the years. There have been many updates including new flooring and paint, hot water tank and roof and the HVAC was replaced in 2018. There is plenty of room for family and entertaining in this spacious floor-plan where the kitchen and breakfast area are open to the formal dining as well as the cozy primary living area and wet bar. The library just off the entry, featuring built-in book shelves is the perfect place for a page turning book and a warm cup of tea. Upstairs, you will find a large living space, large bedroom and full bath AND a large walk-in attic storage. The master is tucked away for a quiet, private retreat with amazing spa like bath with large soaker tub and walk-in shower. There is plenty of room for work and/or play outside in the spacious back-yard with covered patio and access to the entertainment field located just south of the property which is often used for fun family activities in the neighborhood. Call today to schedule your private tour!
Source: MLSOK #1180718
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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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