5505 Highley Dr Oklahoma City, OK 73111
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About this home
BIG PRICE REDUCTION!! TOUR NOW! This home is on a quiet cul-de-sac in NE Oklahoma City. Backing up to the sought-after Wildewood Cashions neighborhood, this property blends privacy, convenience, & comfort. With nearly a half-acre lot. mature trees, & wide-open space, this home offers a rare setting inside city limits. NEEDS TLC - Consider FHA 203K LOAN. SPACIOUS LIVING – Provides 3 bedrooms, 2 bathrooms, a formal living room and a large family room. These separate living areas give flexibility & comfort. The family room is large and comes complete with a ceiling fan and wood-burning fireplace for year-round comfort. The formal living area can serve as a sitting room or office. KITCHEN & DINING – Functional & stylish with granite countertops, double stainless sink, and space for a double-door refrigerator. Dining options include a formal dining area & an eat-in nook, each with ceiling fans. BEDROOMS & BATHS – The master bedroom has a ceiling fan and convenient access to living spaces. Both baths feature tub/shower combos. Tile & carpet floors run throughout. CENTRAL HEATING & COOLING – Year-round comfort at the touch of a button. OUTDOOR LIVING – Large front & side yards provide room for gardening, play, or entertaining. Enjoy the front patio for morning coffee or the rear patio for summer BBQs, shaded by mature trees. Nearly half an acre offers potential for an ADU or Large Recreational Vehicle parking (buyer to verify with local zoning). LOCATION – Quiet cul-de-sac with no through traffic yet convenient highway access. Close to OKC’s top cultural & recreational spots: Downtown Bricktown & Thunder Arena, Science Museum, Zoo, National Cowboy Museum, Remington Park, and Lincoln Park Golf Course—all within 2–4 miles. A RARE OPPORTUNITY – Homes with this much space, privacy, and proximity to Wildewood Cashions are hard to find. Whether you want to move right in or explore future enhancements, this one checks all the boxes! Schedule a showing today!
Source: MLSOK #1191828
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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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