490 E New Orleans St Broken Arrow, OK 74011
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About this home
IMPROVED PRICING! This is more than a home—it's a lifestyle. Your Adventure Awaits-Dreams of Country Living Near the Rose District is RIGHT HERE! A rewarding opportunity to own this rare slice of nature-bring your dreams and imagination-the sky is the limit! Country living inside BA -Nature-Lovers, Bird-Watchers & Big Game Enthusiasts-this Tranquil, Magical, Enchanted Acreage is CALLING! PRIVATE & Unplatted w/ ALL City Utilities! One-of-a-kind property offers the feel of a nature preserve while being just minutes from the Rose District and New Orleans Square. Ideal for homesteading or the hobbyist. Updated home features a beautiful kitchen with gas range,huge island,dual dishwashers & farm sink & opens to a spacious family room, vaulted living room w/ woodburning fireplace, 2 dining areas including a cozy coffee nook. Two primary suites—one down with his/hers bath options & walk-through dressing/closet area. Four additional beds up offer large closets & access to a balcony perched high to soak in the views. The back landing offers the perfect home organization hub & segueys into the oversized laundry/mudroom with an exterior exit. The super-sized vaulted garage/bonus shop has access to covered parking PLUS another huge bonus space-easy to convert to a media or extra living space OR host a wood shop or at-home business. The most spectacular backyard boasts soaring mature black walnut trees with extensive areas to explore & entertain including a covered back patio, a new large deck with overlooking views into the forest, two fire pits, a treehouse deck & the most charming footbridge leads to additional wooded acreage. Wildlife including big game deer frequent the area—trails & natural surroundings abound-a truly private paradise. Plenty of room to add a pool, detached shop/garage, or expand the home. Just minutes to shopping, dining, festivals, parades, and all the amenities Broken Arrow has to offer. This unique property is truly a one-of-a-kind hidden gem!
Source: MLSTECHNOLOGY #2525646
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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.