2308 Kimball Dr Norman, OK 73071
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About this home
This former model home, crafted by one of Norman’s most prestigious builders, with timeless quality and thoughtful design at every turn. Step inside and you’re greeted with the open concept with all the features this builder offered in his homes. You'll love how this home seamlessly connects the living, dining, and kitchen spaces, making it perfect for family gatherings, holiday entertaining, or casual evenings at home. The kitchen is a true centerpiece, featuring custom cabinetry, a large walk-in pantry, and a built-in spice rack conveniently located above the cooktop. Whether you’re preparing quick weeknight meals or hosting dinner parties, this space is designed to make cooking a joy. The generous bedrooms offer plenty of room to relax, each with ample closet space. The versatile 4th bedroom can easily serve as a home office, study, giving you flexibility to match your lifestyle. Outside, the property sits on an oversized lot with endless possibilities. The expansive backyard is large enough for a private pool, outdoor kitchen, or play equipment, providing the perfect setting to create your own private retreat. Adding even more appeal, this home is located in a community that the residents enjoy access to a clubhouse complete with a fully equipped gym and a sparkling pool—ideal for staying active, relaxing on warm summer days, or meeting neighbors and friends. This property brings together craftsmanship, comfort, and convenience, offering a home that truly checks all the boxes.
Source: MLSOK #1186000
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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.