38021 County Road 1580 Coalgate, OK 74538
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About this home
Serene 20-Acre Private Oasis with Custom Brick Home – Your Hilltop Retreat Awaits! Escape to your own slice of paradise on this stunning 20-acre property, where a custom-built brick home perches majestically on a hill, offering breathtaking sunrise and sunset views that will steal your breath away each day. This quiet getaway is a true private oasis, surrounded by abundant wildlife – spot whitetail deer grazing at dawn, turkeys strutting through the timber, and majestic elk wandering the open ground. A year round creek meanders through the land, providing soothing sounds and a perfect spot for reflection. Home Highlights: Custom Brick Construction: Timeless 5-bedroom, 2-bath home (2,880 sq ft) built with enduring quality and charm. Wrap-Around Porch: Ideal for morning coffee rituals or evening unwinding, with panoramic hilltop vistas. Modern Updates: All-new flooring and fresh paint throughout, blending rustic elegance with contemporary comfort. Durable metal roof ensures worry-free living for years to come. Property Features Balanced Landscape: A harmonious mix of dense timber for privacy and open ground for grazing or gardening. Equestrian & Homesteading Ready: Spacious barn for horses or hay storage, plus a dedicated chicken coop – perfect for self-sufficient living. Wildlife Haven: Teeming with nature's best – deer, turkeys, and elk – making it a hunter's dream or a nature lover's sanctuary. Imagine starting your day with coffee on the front porch as the sun crests the hills, and ending it with friends and family on the back porch as the sun sets. This isn't just a home; it's a lifestyle of tranquility and adventure.
Source: MLSOK #1191849
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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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