605 Comanche Trl Altus, OK 73521
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About this home
STUNNINGLY RENOVATED BRICK HOME! Welcome to this beautifully renovated brick home in a highly desirable neighborhood near the college, Career Tech, and shopping! This spacious 3-bedroom, 2-bathroom home offers two living areas and has undergone a massive renovation over the past two years. Updates include a brand-new roof (just 2 months old), new flooring throughout, fresh interior and exterior paint, new hardware, modern canned lighting, and NO popcorn ceilings! The home features two fireplaces, a gas log fireplace in the formal living room and a rock-hearth wood burning fireplace in the family room, complete with built-in shelves on each side. The kitchen is a showstopper with new granite countertops, stainless steel appliances including a double oven, refrigerator, microwave, and dishwasher. Both bathrooms have been completely remodeled with granite countertops, stylish fixtures, updated lighting, and more. Step outside to enjoy the very large covered patio with a gorgeous knotty pine ceiling and two ceiling fans—perfect for entertaining. For peace of mind, the in-ground storm shelter (which has electricity) is conveniently located under the patio so you don’t have to walk out in the rain for cover. Additional features include: Extended driveway parking in the front plus additional parking for your RV/boat in the back, 2-car garage, storage building with electricity and a wood privacy fence. This home truly combines modern updates with comfort and convenience. Move-in ready & absolutely beautiful!
Source: MLSOK #1191354
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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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