2400 NW 22nd St Oklahoma City, OK 73107
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About this home
Welcome to this charming Tudor-style home, nestled in the sought-after Aurora addition. This residence seamlessly blends historic character with modern updates, offering a unique living experience. As you enter, you'll notice hardwood floors, elegant built-ins, and a cozy mock fireplace. The spacious vaulted ceilings are adorned with contemporary chandeliers, enhancing the home’s aesthetic appeal. The dining area presents the option to serve as a second living space, perfect for gatherings or any flex space of your choice - You could even expand your kitchen into this area! The kitchen features stained wood countertops, stainless steel sink, dishwasher, and a gas stove, ensuring functionality and style. Throughout the home, you'll find several new light fixtures that add a fresh touch. Both bedrooms boast brand NEW carpet and ceiling fans for added comfort. The bathroom showcases a pedestal sink and a fully tiled tub/shower combination, complemented by ample cabinetry for storage. A generously sized laundry room is conveniently located off the kitchen and includes a pantry, granite countertops for folding laundry, and even a washer and dryer. Step outside onto the wooden deck in your backyard, where you’ll find a one-car garage just steps from your door. Situated on a corner lot, this home is just around the corner from the Plaza District and a variety of popular restaurants and shops. Enjoy the prime location, just a few miles from downtown Oklahoma City!
Source: MLSOK #1195317
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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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