8512 Bella Ranch Dr Choctaw, OK 73020
Your savings
About this home
Perched on an elevated lot with incredible skyline views, this home delivers that “wow” moment the second you step outside. Watch the sun set over Oklahoma City, catch deer wandering through the yard, and enjoy peaceful country living with city convenience just minutes away. Inside, you’ll find an open floor plan with wood-like tile flooring, crown molding, and plenty of natural light. The upgraded kitchen features granite countertops, abundant cabinetry, a center island with seating, and a walk-in pantry. The living area is warm and welcoming with a beautiful fireplace and large windows that perfectly frame the views. The primary suite offers a private retreat with dual vanities, a walk-in shower, and custom shelving and storage. Additional bedrooms provide ample space, while the upstairs bonus room is ideal for a second living area, game room, or home office. A dedicated laundry and mudroom make everyday living easy, and the 3-car garage offers plenty of storage. Step outside to your own entertaining space — a covered patio complete with a built-in bar and grill station overlooking the pool and tree-line. Whether it’s quiet evenings or weekend get-togethers, this space was made to be enjoyed. All of this just a short drive to major highways, shopping, and schools.
Source: MLSOK #1197922
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.