4412 Spotted Owl Cir Norman, OK 73072
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About this home
Attractive Move-in-Ready Brick & Stone Home in Norman, very close to the University of Oklahoma with all the Conveniences & Fun Norman has to offer! Supplying Privacy & Safety a Cul-de-Sac Provides. .. Equipped with 3 Generously sized Bedrooms with the Primary Bedroom separated (Split) from the other 2 Bedrooms, 2 Full Bathrooms Plus a 2nd Living Area that Serves to Function as You Prefer! .. The Home’s Highlights: Tall Vaulted Ceilings, Fireplace, Ceiling Fans, Granite & Corian-Like Countertops, Updated Fixtures, Window Coverings & Extra Storage! .. * Living Room: Large Size with a Picture window providing lots of Natural Light and a Fireplace. .. * Kitchen: Lots of Cabinets & Counter Space, Tile Backsplash, Breakfast Bar, Updated Sink and Faucet, Newer Stove & Microwave, the very new Refrigerator can stay with an acceptable offer. .. * Dining Room: Super Size to handle Your needs. .. * Primary Bedroom Suite: Spacious, Bay Window, Trayed Vaulted Ceiling. The Connected Bathroom’s Vanity has a Granite top & 2 sinks, 2 Walk-in Closets, a Garden Tub Surrounded with Tile, and a Separate Shower. .. * The 2 Secondary Bedrooms are of Ample size with Ceiling Fans. .. * 2nd Bathroom has a Granite top Vanity and a Tub/Shower Combination. .. * Inside Laundry Room has a Cabinet and Hanging Rods. * Large 3 Car Garage: Has a Premium Durable Floor Coating and 3 Overhead Garage Doors (one of them provide great access to the backyard). .. * Exterior Features: Covered Front Porch, Huge Covered Back Patio, Full Yard Sprinkler System, Convenient Outside Water Faucets, Storm Shelter, 10’x8’ Shed. Newer A/C!
Source: MLSOK #1191192
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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.