18309 Allora Dr Edmond, OK 73012
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About this home
This charming 3-bedroom, 2-bathroom home offers 2,049 square feet of comfortable living space that's perfect for modern life. The open kitchen and living design creates a welcoming atmosphere where family and friends naturally gather, while the breakfast bar provides the perfect spot for morning coffee or casual meals. The heart of the home features a cozy gas log fireplace with hearth, ideal for those chilly Oklahoma evenings. You'll love the huge study that can easily transform into a home office, craft room, or whatever your heart desires. The thoughtful split bedroom plan ensures privacy, with the primary bedroom boasting a big closet and bathroom with double vanities and separate shower and garden tub. Practical touches make daily life easier, including a dedicated laundry room with mud bench, large pantry plus a secondary pantry for all your storage needs, and a guest bathroom with two sinks. The wood deck extends your living space outdoors and comes complete with a hot tub for ultimate relaxation. Additional perks include a storage shed for all your outdoor gear and a storm shelter for peace of mind during severe weather. Located in a friendly neighborhood with many amenities including over 40 acres of parks and open spaces, three large playgrounds, pavilions with picnic tables at every park, sports fields, and walking trails around scenic ponds. This home combines comfort, functionality, and location in one appealing package. Whether you're hosting gatherings in the open living area or unwinding in the hot tub after a long day, this property offers the perfect backdrop for creating lasting memories.
Source: MLSOK #1194974
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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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