Milfay Rd Depew, OK 74028
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About this home
Welcome to your rural oasis, blending luxury and serenity. This 4-bedroom house sits on 26 acres offering a peaceful setting surrounded by natural beauty AND on a paved road ;) -- the house also features a downstairs media room and a flex room (currently setup as a workout room but could also serve as an office or if needed, a 5th bedroom). From the moment you enter this property, you can tell every inch was thoughtfully designed for comfort, functionality and timeless appeal. Step inside to discover a spacious open layout that flows seamlessly from one space to the next. The soaring living room ceilings are a true highlight of this home. The living area showcases a cozy fireplace framed by rich finishes and so much natural light! The downstairs primary suite is a true retreat, featuring TRAVERTINE floors and shower, dual shower heads, and two separate vanities and two walk-in closets. The downstairs also features the kitchen - with soft close cabinets, granite and a double oven - the media room with extra insulated walls, workout room/office/flex space/5th bedroom and the laundry room complete with mud bench. Upstairs are three bedrooms and a full bathroom. Outside, relax on the porch with the most amazing back porch views, or sit by one of the two tranquil ponds, explore the fully fenced acreage complete with THREE deer stands, ideal for the outdoor enthusiast. You also have a 30 x 40 insulated shop with ample space for projects, vehicles or equipment. Additional highlights include: * Outdoor holiday lighting outlets * Water softener * Well water * Cement board siding & brick and rock exterior * Tankless hot water heater * MINERAL rights on 10 of the 26 acres Buyer to verify all information.
Source: MLSTECHNOLOGY #2542367
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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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