Welcome home to this charming split-level ranch nestled on a beautiful 0.57-acre lot, where comfort, privacy, and endless possibilities come together! Surrounded by mature trees and a peaceful natural setting, this inviting home offers the perfect retreat while still providing convenient access to everything you need. From the moment you arrive, you’ll love the welcoming curb appeal, spacious yard, detached one-car garage, and the relaxing outdoor spaces designed for enjoying the beauty of your surroundings. Step inside to discover a warm and inviting open-concept floor plan featuring a spacious living room with a stunning brick fireplace, creating the perfect gathering space for cozy evenings and entertaining guests. The kitchen offers plenty of cabinetry, appliances, a large island, and a beautiful view into the living area, making everyday living and hosting effortless. The generous dining area provides plenty of room for family meals and gatherings. The highlight of the home is the incredible enclosed screened patio overlooking the expansive backyard — the perfect place to enjoy morning coffee, unwind after a long day, or entertain friends and family year-round. This 3-bedroom, 2-bath home features a desirable master suite on the main level with a private bathroom complete with a soaking tub and tub/shower combination. The unfinished basement provides a blank canvas ready for your vision — create a home gym, office, workshop, entertainment area, or additional living space customized to your lifestyle. Conveniently located in Hiram, you’ll enjoy the best of both worlds: a quiet suburban setting surrounded by nature while being just minutes from shopping and dining at the Hiram Pavilion and Hiram Crossroads, local schools, everyday conveniences, and easy access to Interstate 20. With space, charm, privacy, and room to make it your own, this Hiram gem is the opportunity you’ve been waiting for — don’t miss your chance to call it home!
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.
