6687 Winchell Rd Hiram, OH 44234
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About this home
This custom-built home in Hiram Township offers a resort-style 18x36 heated inground pool that transitions from 3 to 8 feet deep, complete with a new variable speed pump, expansive concrete patio, sun shelter, and fenced entertaining area-all surrounded by beautifully landscaped flower gardens and shrubs just over 3 secluded acres that stretch back to a private treeline. The home boasts a long list of recent upgrades, including a new well pump, pressure tank, water filtration and softener system, pool heater, furnace, central air conditioning, hot water tank, pool liner, concrete driveway, and 200-amp electric service. Inside, the open family room welcomes you with a cozy wood-burning/gas fireplace, durable laminate wood floors, a ceiling fan, and included window treatments, while all appliances stay with the home. Four spacious bedrooms each feature ceiling fans and large closets, with an expandable attic space over the garage roughed-in and ready to become a fifth bedroom, in-law suite, or luxurious primary retreat. The full semi-finished basement serves as your personal canvas, already waterproofed when built, with painted and sealed walls plus roughed-in plumbing for a full bathroom-perfect for future customization. With plenty of storage throughout, a concrete driveway leading to the home, and acres of privacy for relaxing, entertaining, or simply spreading out, this is the ultimate pool-party-ready retreat waiting for you to call home.
Source: MLSNOW #5168114
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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.