5865 Oak Tree Ter Guthrie, OK 73044
Your savings
About this home
Welcome to your own little slice of paradise! Located on a corner lot of an acre this beautiful home is ready to grant you the freedom of a place to spread out. Enter this beautifully maintained, like new home and be welcomed with the cozy feeling of the open living room when you enter. Located right off the kitchen, the heart of the home is the perfect place to gather and relax. The kitchen features all stainless steel appliances, granite countertops, a walk in pantry and plenty of space for all your cooking dreams. The primary bedroom has a large window overlooking your beautiful yard. In the primary bath you will find an oversized tub, a walk in shower and a large vanity with separate sinks. The walk in closet is huge and perfectly attaches to the laundry room for convenience. Two additional bedrooms with walk in closets and a secondary bathroom round out this adorable home. The backyard is ready to be made into something amazing with the slab is already poured and ready for the 20X30 shop building of your choice. There is also hardwired landscape lighting and smart WiFi switches for exterior lights with soffit outlets for holiday lights. The garage also features nine interior outlets including one rated for a 220V. There is also a quick connect for a generator should you want one for our unpredictable weather. This immaculate home is just minutes from I35. Welcome Home!
Source: MLSOK #1181518
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.