15821 SW 26th St El Reno, OK 73036
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About this home
*$15,000 towards the buyer's closing costs and or interest rate buy down!* This custom built Gary Owens home offers nearly 3,000 sq. ft. of quality construction on 5.17 acres, located in El Reno., Ok. in OKC city limits! Thoughtfully designed with both comfort and functionality in mind, the layout includes an open living space, private bedroom retreats, and flexible areas that adapt to your needs. The spacious living room flows easily into the dining area and kitchen, creating a warm, welcoming environment perfect for family gatherings or entertaining friends. A dedicated office/flex space makes working from home or managing household tasks convenient and efficient. Inside, you’ll find 3 generous bedrooms, each with its own ensuite bath, plus an additional half bath for guests. The luxurious primary suite is a true retreat, featuring a massive walk-in closet, a spa-inspired bathroom with a soaking tub, and a separate walk-in shower. Upstairs, the unfinished attic is already decked, insulated, plumbed for a bathroom, and prepped with electrical wiring. Builder-ready for expansion, it even includes exterior connections for a second HVAC unit next to the existing Lennox system making it easy to create additional living space, a media room, or guest suite. Outdoor living is as equally impressive. A large enclosed patio overlooks the private fishing pond surrounded by Argo glass , offering peaceful views and the perfect spot to relax or entertain. The acreage also includes a 30’x40’ pole barn with multiple 120V outlets inside, and a 30-amp outlet outside, ideal for RV storage, hobbies, or extra workspace. A Kohler 22k propane generator ensures reliable whole-home backup power. With over 5 acres, you’ll enjoy privacy, natural beauty, and space for gardening, livestock, or outdoor recreation. This home combines rural serenity with modern convenience. This is an incredible place to call home.
Source: MLSOK #1190446
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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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