3/2 single-family home in Spring Hill. No HOA, no CDD, flood zone X. Newer AC, windows, electrical panel, roof (2013), gas range, and screened lanai. **Preferred Lender is offering 1 year of 1 percent lower interest rate paid by lender!** Welcome to 9269 Marler Road, where thoughtful updates, flexible living space, and Florida outdoor living come together in a home that offers both charm and peace of mind. Located in an X flood zone with no required flood insurance, no HOA, and no CDD fees, this beautifully maintained property provides the freedom and affordability that many buyers are looking for. Inside, you'll find water-resistant laminate flooring, crown molding, 5.25-inch baseboards, updated lighting and ceiling fans, built-in shelving, and custom storage throughout. The functional floor plan is enhanced by a dedicated office space off the garage, offering the flexibility needed for remote work, hobbies, fitness equipment, or a quiet retreat. The updated kitchen features double-stacked painted cabinetry, subway tile backsplash, open shelving, stainless steel appliances, and a gas range. A charming coffee bar can remain with the home, creating the perfect spot to start your day. The primary suite includes a stylish barn door and built-in closet storage, while both bathrooms have been tastefully updated with newer vanities, toilets, glass shower doors, and upgraded shower systems with body sprayers for a spa-like feel. Double doors with built-in blinds lead to the covered lanai and screened outdoor living area with electrical, creating a seamless transition between indoor and outdoor spaces. The spacious backyard offers privacy, room to entertain, and plenty of space for pets, gardening, or play. The outdoor grill is directly connected to gas and will stay with the property. Additional features include built-in closets throughout, a linen closet, inside utility room with cabinetry, washer and dryer included, blinds throughout, a one-car garage with opener and pebble-finish flooring, and newer windows that enhance energy efficiency and natural light. Major updates provide confidence for years to come, including a newer AC system (approximately two years old), new electrical panel, roof replaced in 2013, gas water heater, and gas stove supplied by an AmeriGas tank. Conveniently located near shopping, dining, parks, Weeki Wachee Springs, and the Gulf Coast's outdoor recreation opportunities, this move-in-ready home combines modern updates, flexible living, and everyday comfort without the added expense of HOA, CDD, or required flood insurance.
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.
