1508 Station St Edmond, OK 73034
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About this home
Welcome to this stunning custom-built McCaleb Craftsman-style home — a rare opportunity to own one of the only Lewis floorplans in the neighborhood! This thoughtfully designed home features beautiful hardwood floors, an open-concept layout, and timeless architectural details not found in newer builds.Step inside to a spacious living area with stone fireplace, shiplap accents, and classic Craftsman/farmhouse-style trim throughout. The chef’s kitchen includes a large center island with sink, ample cabinet space, walk-in pantry, and a charming farmhouse sink. Upstairs, you’ll find a HUGE bonus room with a private guest suite, perfect for visitors, a playroom, or a home office. Three of the bedrooms include walk-in closets, and the walk-out attic provides tons of additional storage for seasonal items. Additional features include:Updated lighting in all bathrooms,Quartz countertops and built-in cabinets in the laundry room with folding space. Custom Roman shades & wood shutters on front-facing windows, expanded driveway/portico for extra parking and play space, and storm shelter in the 3-car garage area. Optional access to the Residence Club, Fitness Center, Rec Room & Resort-Style Pool available for just $499/year. Don’t miss your chance to own this unique, move-in-ready home with both character and convenience!
Source: MLSOK #1185927
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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.