9959 Hickory Hollow Rd Shawnee, OK 74804
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About this home
This charming log home features spacious bedrooms and generous living areas throughout. The oversized kitchen and dining space are adorned with granite countertops, complemented by solid oak cabinets and woodwork throughout. Enjoy the rustic look of beamed ceilings that soar high above, with an upstairs railed walkway providing a stunning view of the living room and inviting foyer below. The primary suite, conveniently located on the first floor, includes a full bathroom and a walk-in closet, while guest bedrooms are situated upstairs. The upper level also offers a large storage closet, pre-plumbed for a future guest bathroom, along with additional storage space under the stairs. Just off the kitchen, you'll find a practical utility room. This all-electric home is equipped with CVEC fiber internet availability, ensuring modern connectivity and high speed internet access. The wrap-around deck, accessible from the kitchen, living room and primary suite, provides ample outdoor space for relaxation and wildlife observation. Nestled on a wooded lot, this property offers an abundance of wildlife and country views, creating a serene cabin-like atmosphere. With paved roads and easy highway access, this location is ideal for commuters, situated just 25 minutes from Tinker Air Force Base and are an easy drive to both Midwest City and Shawnee.
Source: MLSOK #1201177
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.