Welcome to 2428 SW 147 Place Rd in Ocala's Marion Oaks. This exceptional, move in ready home is packed with high value upgrades that truly outshine many new builds. The spacious 4-bedroom, 3-bathroom layout offers a bright open concept design with multiple living and dining areas, perfect for entertaining, working from home, or multi-generational living. A split bedroom plan provides privacy, including two suite style bedrooms (with a jacuzzi tub in the primary) ideal for guests or extended family. Enjoy major peace of mind with extensive improvements including a new roof (2022), new windows and sliding door (2022), new AC system and new ductwork (2022), and gutters (2022). The kitchen features newer appliances including multi-functional oven/range with air fryer and convection settings. (2022), dishwasher (2022), refrigerator (2023), and an upgraded pull-down faucet (2022). Commercial grade Maytag washer and dryer are included. Updates continue with upgraded lighting, a dining chandelier, and ceiling fans throughout, including a newer living room fan. The guest bathroom was upgraded with a Luxury Bath walk-in shower (2022). Additional comfort upgrades include cordless blinds (2023) and an insulated roof over the front porch (2023). Security and select smart technology features add huge value, including a 16 channel CCTV system with 10 4K cameras and 2-way audio, front cameras with spotlights, Ring video doorbell, smart Wi-Fi door lock keypad, Wi-Fi garage door opener (2022), and smart switches for select lighting. A whole house water filtration system (2024) with warranty provides clean, great tasting water throughout. Step outside to a fully fenced (8 ft. chain link) backyard with an 8x16 storage shed; electricity ready (2022), perfect for a workshop, hobbies, or extra storage. Recent garage updates include new springs, bearings, and door wheels (2025). Conveniently located near shopping, dining, medical centers, and major highways. Schedule your showing today.
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.
