879 N 4050 Rd Boswell, OK 74727
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About this home
Charming 73.21-Acre Farm with remodeled Home in Boswell, OK – Walking Distance to Lake Boswell! Offers the perfect blend of updated living and ranch-ready land. Ideally located just minutes from town and within walking distance to Lake Boswell, this property combines the serenity of country life. The 4-bed, 2.5-bath brick home has been tastefully updated and converted garage that adds additional sq footage that is not documented by the tax assessor. Modern new flooring placed throughout A spacious kitchen featuring all new stainless-steel appliances and wood-stained cabinetry. A large bathroom with dual vanities and a fully tiled walk-in shower Bright living room with a cozy fireplace and wall of windows overlooking green pastures. Outside, the land is fully fenced for livestock, with two ponds providing ample water. Whether you're planning a full-time ranching operation or looking for a peaceful retreat, this versatile property delivers. Other highlights include: Corner location with paved road access and road access on multiple sides (N 4010 Rd, West St) Two ponds and a mix of open pasture and tree cover Zoned agricultural – ready for cattle or recreational use This property offers a home and acreage with endless potential for residential, ranch, or future development.
Source: MLSTECHNOLOGY #2531570
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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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