1744 Westbrooke Ter Norman, OK 73072
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About this home
Looking for an adorable "cottage" style home just minutes away from the University of Oklahoma! Well this is it! It just has the cutest curb appeal from the moment you pull up to the property. Such a cozy property with two stone fireplaces one in the living space and one in one of the bedrooms. The fireplace in the bedroom is woodburning and the fireplace in living area is gas logs. The house has a large living/dining area as well as a wonderful screened in back patio that is an extension of the living space. There are 3 large bedrooms with tons of built ins and storage galore! There are 3 full baths the primary bath has had some nice updates to the property including double vanities, large garden tub and walk in shower. The kitchen has a wonderful stone hearth over the cooktop and double ovens. The house has a fabulous very private backyard with an inviting sparkling chlorine swimming pool (with a 3 year old liner) to enjoy all of the days of summer. There is very mature landscaping that just enhances the beauty of the property. There is a nice fenced in side yard and a large front porch and covered side door entry from garage as well. This one is a cutie you do not want to miss it.
Source: MLSOK #1175889
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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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