1831 Sunset Park Ter Ardmore, OK 73401
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About this home
This home is conveniently located on the corner in a cul de sac. The neighborhood has a beautiful entrance off Sunset Dr. with nice kept yards and streets. School bus stops at the entrance and is only five minutes to Plainview Schools. There are sprinkler, drainage and security systems. Sit on the covered front porch and have your morning coffee, and greet neighbors out walking. Inside boasts a gourmet kitchen with tons of storage, has an island, and kitchen stove has gas burners and electric oven. There is a serving buffet with an encased brick archway that opens up to the living area . Cozy up on cold days and take in the warmth of the gas log fireplace. Also eating space in kitchen , as well as a formal dining room. Master bedroom is nice with a garden tub, large shower and double vanities. Other two bedrooms are good sized and the bathroom is located off the hallway. Lots of shelves and abundant storage in house. A very convenient location to all nearby medical, eating places and entertainment facilities. Make this beauty your home and enjoy what it offers, along with this desirable neighborhood.
Source: MLSTECHNOLOGY #2522878
Neighborhood
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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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