3616 Kings Way Altus, OK 73521
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About this home
Spacious 3-Bedroom, 2-Bath Home with Modern Updates! Assumable Loan at 2.635%!!! This beautifully updated home offers 3 bedrooms, 2 full baths, and an abundance of space with two living areas and two large dining areas. Interior Features: Stunning new vinyl plank flooring and stylish light fixtures throughout. Gorgeous granite countertops throughout the home, with quartz featured in the master bath. Kitchen boasts all new appliances, two pantries, and a built-in computer desk. First living area includes a cozy wood-burning fireplace and wet bar with storage cabinets. Second living area is a spacious family room with access to the second patio. Master suite features a huge bedroom, large walk-in closet, crown molding, ceiling fan, and private patio. Completely remodeled master bath with walk-in tiled shower, double vanity, and quartz countertops. Guest bath offers a double vanity with granite counters and a large linen closet. Additional double-door linen closet in hallway Laundry room includes a sink, folding area, and ample cabinet space with new sink and granite countertops. Exterior & Additional Features: Two-car garage with double doors, electric openers, shelving, and exterior keypad. New roof (2021), HVAC system, water heater, and garbage disposal Corner lot with a large fenced backyard, two patios, and plenty of room for entertaining, pets, or quiet relaxation. This home truly combines modern updates with comfortable living spaces, making it perfect for family life and entertaining.
Source: MLSOK #1186691
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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.