24913 E Waterloo Rd Luther, OK 73054
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About this home
Country living at its best! Set on 10 private acres with its own pond, this property offers the perfect blend of space, comfort, and country charm. The main home, built in 2004, features nearly 4,700 sq. ft. of one-level living, giving you plenty of room to spread out. Inside, you’ll find An open ranch-style layout with large living spaces that flow easily from room to room A spacious kitchen with plenty of cabinet and counter space, perfect for family gatherings. Duel sinks, wine fridge, ice maker and so much more. Multiple bedrooms and bathrooms, offering flexibility for a big family, home office, or guest space. A large mud Room open to garage and laundry room! A covered Patio overlooking the beautiful pond, with an additional patio off the family room. Durable finishes, including a metal roof and masonry details, Large cased windows, High ceilings and tons of storage. Outside is where this property really shines, A peaceful pond adds beauty and character, plus a place to fish or just relax by the water. You even have your very own bridge! A 24' x 36' metal building, Fully insulated with electric and built in work benches.. Ideal as a workshop, storage, or potential guest or office space. Two (RV) hookups, a private water well, and covered pens for animals make it ready for a hobby farm or multi-family setup. A gated gravel driveway gives you privacy and security. With a mix of wooded areas and open pasture, you’ve got endless options—whether you want to raise animals, garden, or just enjoy wide-open space. This is more than a house it’s a lifestyle. Pond, acreage, and a home big enough for the whole family.
Source: MLSOK #1186297
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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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