Welcome home to timeless elegance and refined living in the prestigious Lexington community, located in Charlotte’s thriving University area. From the moment you arrive, the home’s stately presence, grand entry, and timeless architectural details create an unforgettable first impression.Inside, an elegant, light-filled interior showcases gleaming hardwood floors, sophisticated formal living and dining spaces, and a thoughtfully designed open-concept layout tailored for both luxurious everyday living and upscale entertaining. At the heart of the home, the chef-inspired kitchen features granite countertops, an expansive breakfast bar, and effortless flow into the inviting family spaces. Architectural distinction continues with dual staircases that lead to a sprawling second level, where generously sized bedrooms are thoughtfully arranged for privacy and comfort. An expansive loft/bonus area offers endless possibilities for a private media lounge, executive office, or refined recreation space.The lavish primary suite serves as a true sanctuary, complete with a spa-inspired bath featuring soaring vaulted ceilings, expansive windows that fill the space with natural light, dual vanities, a deep soaking tub, and a separate glass-enclosed shower designed for ultimate relaxation.The finished walk-up third level expands the home’s luxury appeal with a dedicated theater room and private exercise room, offering the perfect blend of entertainment and wellness within your own home.Step outside to your private backyard retreat featuring a sparkling pool, relaxing hot tub, and charming gazebo—an ideal setting for entertaining guests or enjoying peaceful evenings at home. Mature landscaping surrounds the property, while the side-load three-car garage enhances both functionality and curb appeal.Residents of Lexington enjoy an elevated lifestyle with resort-style amenities including a clubhouse, swimming pool, tennis courts, pickleball courts, playground, and picturesque tree-lined streets with sidewalks and charming streetlights.Perfectly situated with convenient access to I-85 and I-485, and just moments from UNC Charlotte, Concord Mills, and Northlake Mall, this exceptional home offers a rare blend of elegance, comfort, and convenience in one of Charlotte’s most sought-after communities.
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.
