310 Elkview Dr Elk City, OK 73644
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About this home
Holy smokes! Welcome to your new home. This beautiful split floor plan home is nestled in a quiet, established neighborhood on the south side of Elk City and has numerous updates and extras. As you enter the home, you will notice how open and large the living, dining and kitchen are along with the gorgeous fireplace anchoring the living area. The home features new Karndean design flooring and new recessed lighting throughout all of the main living area along with new baseboards, paint and blinds throughout the entire house. The primary bedroom contains new carpet and a bonus office/storage room attached to it. All of the bedrooms and bathrooms are extremely spacious, and both bathrooms contain new vanities. The beautiful kitchen has been opened to the living area and has new stainless steel appliances, a large kitchen island, and a spacious pantry. The home has an abundance of storage options and large closets throughout. As if all of those inside features aren't enough, there is also an in-ground storm shelter in the oversized garage, a generator for those pesky power outages and a covered patio with plenty of privacy in the backyard. The yard also contains a sprinkler system in the front and backyard, making yard maintenance a breeze. The HVAC system was also just replaced 10 years ago. This house has so much to offer. You don't want to miss your chance to check it out and make it yours!
Source: MLSOK #1194609
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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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