1532 Boathouse Rd Edmond, OK 73034
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About this home
Welcome to 1532 Boathouse Road, a beautifully refreshed home in Edmond’s sought-after Town Square community. With five bedrooms—or the option to use one as a study—this flexible floor plan is ideal for a variety of lifestyles. Recently updated with fresh interior paint and brand-new carpet throughout, the home feels crisp, clean, and move-in ready! Step inside to an open-concept living area filled with natural light, a cozy stone fireplace, and seamless flow into the dining space and kitchen. The kitchen offers abundant cabinetry, a center island perfect for gathering, and backyard views that make entertaining effortless. The private primary suite includes a spacious walk-in closet and a spa-inspired bath for ultimate relaxation. Outside, the large covered back patio overlooks a generous flat backyard, while the three-car garage offers ample room for vehicles and storage including a storm shelter. Located in the heart of Town Square, residents enjoy walking trails, greenbelts, lake with fishing dock, playground, community garden and an option to opt-into the extra community amenities including a clubhouse, pool, and fitness center for an additional fee. With timeless design, thoughtful updates, and a vibrant neighborhood setting, this home is the perfect blend of style and functionality in one of Edmond’s most beloved communities!
Source: MLSOK #1183696
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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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