18 Longacre Dr Ramona, OK 74061
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About this home
Spacious & Versatile Home – Prime Location! Welcome to this beautifully designed home featuring a highly functional split floorplan and an inviting open kitchen and great room, perfect for modern living and entertaining. A formal dining room offers a dedicated space for special occasions and family gatherings. The main level includes two well-appointed bedrooms and a generous primary retreat, offering both comfort and privacy. Upstairs, you'll find a 4th bedroom with en-suite bath and private balcony, plus a bonus room over the garage—ideal for a home office, media room, gym, or guest quarters. The home includes a spacious 3-car garage, featuring a drive-through bay for added convenience and a standing storm shelter for peace of mind during Oklahoma weather. Out back, a 30x50 shop awaits—complete with half bath, 200A electrical panel, 240V wiring, and a new Genie garage door opener—perfect for hobbies, business use, or extra storage. Additional highlights include: New SS range, dishwasher, and kitchen faucet (2025) – all appliances stay! Recent upgrades: Water heater (2020), exterior paint (2024), fence repaired and repainted (2024), roof approx. 1.5 years old. Excellent location with easy access to Hwy 75: Tulsa Airport (23 min), Bartlesville (27 min), Owasso (21 min) This well-maintained property combines space, functionality, and flexibility—ready to meet the needs of any lifestyle!
Source: MLSTECHNOLOGY #2525348
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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.