Welcome home to this spacious 4-bedroom, 3-bath home nestled in the quiet, established Hamilton Springs community in Hoschton. Offering a flexible floor plan, an unfinished basement, and a convenient location near Mulberry Park, this home combines comfortable living with endless potential. Step inside to a warm and inviting family room featuring a cozy fireplace that flows seamlessly into the dining area, creating an open layout that's perfect for everyday living and entertaining. The adjacent kitchen is thoughtfully designed with white cabinetry, stainless steel appliances, a breakfast bar for casual meals, and plenty of cabinet and counter space for meal preparation. The oversized primary suite is a true retreat, complete with a sitting area that's ideal for a reading nook, home office, or private relaxation space. The spacious en- suite bath features a double vanity, separate soaking tub and shower, and a walk-in closet with plenty of storage. Two additional bedrooms on the main level share a full bath, while the finished upper-level bonus room offers exceptional flexibility. Complete with its own full bath, this space can easily serve as a fourth bedroom, guest suite, media room, playroom, home office, or hobby room. The full unfinished basement provides outstanding opportunities for future expansion, a workshop, home gym, or abundant storage, allowing you to customize the space to fit your needs. Step outside to enjoy the deck and patio overlooking the fenced backyard, offering plenty of room for outdoor entertaining, grilling, pets, gardening, or simply relaxing in your own private outdoor retreat. Ideally located just minutes from Mulberry Park, residents can enjoy miles of scenic walking, biking, and equestrian trails, sports fields, playgrounds, and beautiful green spaces. The home is also conveniently close to shopping, dining, and everyday conveniences, making it easy to enjoy the best of both peaceful neighborhood living and modern accessibility. With its spacious layout, versatile living spaces, unfinished basement, and prime Hoschton location, this home is ready to welcome its next owners.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
