615 NW Micklegate Blvd Lawton, OK 73505
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About this home
This home has an amazing backyard that backs up to the water, you will enjoy the view & and tranquility that comes with it. This home is of European Luxury design with 5 bedrooms, 5 plus bathrooms, 2 or 3 Living rooms; formal dining; great office space with granite countertops & custom built in cabinets galore. As you walk in the front door you will notice the office; a sitting room; space for a formal dining room table as this opens up to the main Living area. You can't help but notice the window coverings; wrought iron fixtures; and the slate stone gas fireplace. You will notice the exquisite design; crown molding throughout; wrought iron light fixtures and plenty of space for your needs in the living area that opens up into the gourmet kitchen. The kitchen includes plenty of cabinets and counter space;grand kitchen island with a vegetable sink; breakfast bar; pantry; dual ovens; gas cook top; hidden spice racks within the woodwork; trash compactor; stone flooring; and walk in pantry. The sun-room has stone flooring and is enclosed with windows to sit & enjoy the view or to relax before going to take a quick dip in the outdoor in ground pool. The primary bedroom is fit with a stone gas fireplace, high ceilings, lots of windows with views of the lake and backyard. En-suite bathroom is spacious with a whirlpool bathtub & separate shower. The European style shower is enclosed & equipped with massage jets as well. A spacious laundry room on the same side of the home as the other bedrooms downstairs. Two Large bedrooms with a Jack & Jill baths & both with walk in closets. The last bedroom downstairs offers a large bedroom with an entire wall of custom shelving, a safe room; private bathroom and its own entrance and exit to the backyard. Upstairs is the 5th bedroom with 3/4 bathroom and closet or can be used as a bonus room. Sellers request a copy of pre-approval prior to showing be submitted to Reedy.
Source: MLSOK #1168227
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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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