Whether you’re stepping into homeownership for the first time or adding a smart rental to your portfolio, this home checks all the boxes. This fully renovated 2-bedroom, 2-bathroom property offers 1,296 square feet of recently updated living space in the peaceful Bahia Oaks neighborhood, tucked away on a quiet cul-de-sac with no through-traffic. From top to bottom, everything has been refreshed. A brand-new 3-ton AC keeps things cool, while new flooring flows throughout the entire home. The open-concept living space connects the living room, dining area, and kitchen, ideal for entertaining or easy everyday living. The kitchen is a standout with stainless steel appliances, a tiled backsplash, center island with breakfast bar seating, and generous cabinet and counter space. The dining area is nicely sized and features a new light fixture, creating a welcoming space to gather. The primary suite offers comfort and style with a walk-in closet and an updated en-suite bathroom that includes dual vanities, a glass-enclosed shower, and all-new fixtures. The secondary bathroom mirrors this attention to detail with its sliding glass tub/shower combo, new vanity, and ample counter and storage space. Practical features continue with a dedicated laundry room and a garage outfitted with built-in shelving. Out back, enjoy year-round living in the large enclosed lanai with ceiling fan, or unwind on the covered patio complete with a paver extension that leads to a wood-fire oven, all shaded by a canopy and perfect for casual outdoor gatherings. The open backyard offers space to garden, relax, or just enjoy the Florida sun. An attached storage/workshop area—with power, lighting, and ceiling fan—adds flexible bonus space for hobbies, crafting, or storage. And here’s the kicker: Bahia Oaks has no HOA restrictions on leasing, making this property a savvy option for investors looking for long-term rental potential. You’re just minutes from the conveniences of State Road 200, including shopping, dining, Publix, and Market Street at Heath Brook. Plus, you're near Florida Aquatics Swimming and Training (FAST) and HCA Florida West Marion Hospital. This home delivers modern comfort, lifestyle flexibility, and a location that’s hard to beat! 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.
