20888 Forest Hill Ct Harrah, OK 73045
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About this home
Enjoy the perfect balance of peaceful country living with quick access to city conveniences. This move-in ready home sits on 1.66 acres and includes a 30x40 insulated workshop with electricity, plumbing ready for a future bathroom, and both 30-amp and 50-amp RV hookups. Inside, you’ll find a true five-bedroom layout designed for space and comfort. Two clusters of bedrooms, each with a full hall bath, make it easy to spread out while keeping everyone connected. The primary suite sits privately on the opposite side of the home and features a spacious bathroom with dual sinks, granite counters, a tiled shower, and a soaking tub. Tall ceilings, arched entryways, and large windows fill the home with light, while granite counters, a tiled backsplash, and new flooring throughout create a clean, modern feel. The utility room includes space for an extra refrigerator or freezer, adding to the home’s functionality. Step outside to your own private retreat. Enjoy a morning coffee on the covered patio, cast a line in the stocked pond with catfish and perch, or cool off in the new 12x22 in-ground pool. The yard is fenced with six-foot cedar for privacy, and the freshly painted exterior trim adds to the home’s curb appeal. Additional features include a Rainbird irrigation system, a large concrete driveway, a new walk-in tornado and safe room in the garage along with an in-ground storm shelter, and a Vivint home security system. Kitchen appliances, about four years old, will stay with the home. Located near the Kilpatrick and Kickapoo Turnpikes, you’ll enjoy quick access to the metro while coming home to true Oklahoma tranquility. This home has been gently lived in, beautifully maintained, and thoughtfully upgraded throughout.
Source: MLSOK #1195842
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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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