19912 Coverton Way Edmond, OK 73012
Your savings
About this home
This beautiful meticulously maintained Thornhill home is tucked away in the neighborhood where it's quiet and peaceful with minimal traffic. There is room to spread out in the almost 3500 sq ft of living space...all on ONE level! As you enter, you are greeted by tall ceilings and lots of natural light. It offers 4 true bedrooms, one of which is a 2nd primary suite with its own full bathroom and huge closet, which is separate from the main primary suite and secondary bedrooms. There is also a separate office space off the entry. You'll fall in love with the ENORMOUS open kitchen with lots of cabinets, counter space and an island, along with a huge pantry. The separate laundry room is equally large and offers a sink, cabinet storage, hanging rack and more counter space. The bonus room has lots of space to use it however you need to. It is currently being used as a home gym but could easily be a home theater or game room as it is wired for surround sound and has a big storage closet with shelving to accommodate games, books, a/v equipment or whatever you'd like. The only carpet you'll find in the home is in the secondary bedrooms and closets. There are wood floors in the living room, primary bedroom, office and bonus room. A storm shelter in the garage offers a little peace of mind in the Oklahoma storms. The outdoor space has plenty of room on the covered back patio and extended area to gather with family or friends where it's shady in the evenings. Thornhill is a welcoming and friendly community where neighbors still wave at each other and is definitely one to check out! Visit this wonderful home today and see if it's the perfect place for you!
Source: MLSOK #1170479
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.