704 Cedar Springs Dr Tuttle, OK 73089
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About this home
***City Living with Country Comfort – Nearly 2 Acres, No HOA, Pool & Shop! Discover the perfect blend of convenience and space with this rare in-town property situated on almost 2 acres, complete with mature trees, privacy fencing, and room for livestock. Located on a newly paved street, this home offers a circle drive entrance and an unbeatable corner lot setting. Inside, you’ll find 1,902 sq. ft. plus a newly added 130 sq. ft. three-season porch, giving you over 2,000 sq. ft. of functional living space. The floorplan features three oversized bedrooms, each with walk-in closets, a spacious living room with a massive wood-burning fireplace, and a separate family room ideal for TV, games, or a home office. Updates give peace of mind, with a new roof, gutters, siding, and water heater all completed in 2023. Step outside to enjoy your own private backyard oasis! A 61’ x 37’ back patio surrounds the in-ground pool, complete with a new cover, fresh liner, and cabana—perfect for entertaining or relaxing. The pool area is fully fenced to meet insurance requirements, and the home also includes a storm shelter for safety. For hobbyists, mechanics, or storage needs, you’ll love the 35’ x 35’ shop with electricity. A fenced livestock shelter with 6’ stockade fencing allows for grazing, pets, or just added privacy. This property truly offers it all—no HOA restrictions, a quiet established neighborhood, and space to spread out while staying close to city conveniences. Don’t miss this one-of-a-kind property—schedule your showing today!
Source: MLSOK #1191748
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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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