3422 E Ridgewood Dr Cushing, OK 74023
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About this home
Stunning Custom-Built Brick Home on 5 Acres with Bonus Room & Shop - Welcome to this stunning 3 bedrooms, 2 baths home with bonus room nestled just north of Cushing on a paved road. With thoughtful design, quality craftsmanship, and ample space inside and out this property offers the perfect combination of modern amenities, comfort, functionality and country charm. Inside you will find a spacious open concept living area with great room featuring beautiful cathedral wooden ceiling and beams. The great room flows into the amazing gourmet kitchen. This kitchen offers granite countertops with generous workspace and a large granite island (with bar stools) which is perfect for hosting large gatherings. The home has thoughtfully arranged bedrooms which include a large primary suite with walk-in closet that also serves as a "safe room" and a large ensuite with tub and separate shower......plus two additional bedrooms downstairs that share a full bath. Upstairs consists of a bonus room that could be an extra bedroom, game room or additional living area/den. Outside enjoy a 30X40 insulated shop with half bath and large lean-to. The shop is perfect for projects, extra storage or a place to enjoy your favorite hobbies. The home also has a large covered back patio perfect for outdoor dining, entertaining family & friends or simply taking in the serene country views. When I asked the sellers what they loved about this property they said, "I love living in an area where neighbors become friends and family and watch out for one another." This property is truly a MUST SEE!!! Note: Sellers are offering a $4000.00 carpet allowance. Schedule your showing today!
Source: MLSTECHNOLOGY #2532688
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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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