5951 E 25th Pl Tulsa, OK 74114
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About this home
Major price adjustment!! Fully Remodeled Midtown Tulsa Gem – 3 Bed, 2 Bath. Seller is motivated and ready to move! Take advantage of seller's assumable 2.99% loan (for qualified buyers). This beautifully renovated Midtown Tulsa home, fully remodeled in 2020, seamlessly combines modern updates with classic charm. Featuring three bedrooms, two full bathrooms, and a spacious open floor plan with two living areas, it’s completely move-in ready with updated systems and stylish finishes throughout. Inside, the home showcases refinished hardwood floors, fresh interior and exterior paint, new recessed lighting, updated fixtures, and ceiling fans. Energy-efficient insulated windows were installed throughout in 2020. One of the bedrooms includes a dedicated electrical circuit, making it ideal for use as a home office. The chef’s kitchen has been completely updated with all-new cabinets, granite countertops, a large granite island with a built-in sink and storage, and a tile backsplash. Stainless steel appliances, including a refrigerator with ice maker, oven/range, and dishwasher, are included. The kitchen also features new flooring and is prepped for a 48” range. Both bathrooms have been fully remodeled with modern finishes, and the primary suite includes double closets and a spacious tiled walk-in shower. Significant mechanical upgrades include a new HVAC system, and water heater installed in 2020, a 200 amp electrical panel with new grounding, and an added HVAC return to improve airflow in 2021. The home also features new water hookups for the washer and dryer, new outdoor spigots, and a new roof, 2020 with additional repairs completed in 2023. The seller just added a fiber optic internet connection!
Source: MLSTECHNOLOGY #2527477
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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.