Lakes of Wellington welcomes you with its exclusive, quiet Southern charm. Enter through its brick walls and iron gates, where magnolia trees shade your arrival and porches, patios, and fountain ponds invite evening strolls and neighborly connection. Residents enjoy a private park shaded by mature greenery, along with tennis and basketball courts, a playground, and access to ski-sized Hog Island Lake with a private boat ramp and dock. Set on over half an acre within this gated enclave, 1310 Oxbridge Drive is a beautifully updated 4-bedroom, 3-bath pool home offering more than 3,400 square feet of flexible living space. Tucked away on a quiet street, this property offers the perfect balance of privacy, space, and convenience—just minutes from major roadways, top-rated schools, shopping, dining, and an easy commute to downtown Tampa. This thoughtfully designed home blends a traditional layout with an open, inviting feel and has been meticulously maintained and extensively updated, giving buyers confidence in both major systems and fine details. Recent major improvements include a 2023 roof, 2020 HVAC systems, 2021 full exterior repaint, and a 2025 whole-home water softener and filtration system with UV light. Inside, the home has been completely refreshed with waterproof luxury vinyl plank flooring throughout, a full interior repaint including cabinetry, and updated bathrooms featuring new tile and fixtures. The functional floor plan offers exceptional flexibility. The primary suite is conveniently located on the first floor and features a spacious en suite bath and generous walk-in closets. An additional bedroom at the rear of the home offers its own private bathroom and separate exterior entrance—perfect for hosting guests, creating a private retreat, or accommodating multigenerational living. The kitchen flows seamlessly into the main living areas, creating an ideal setup for entertaining, while the spacious layout also includes a versatile loft/bonus area perfect for a home office, playroom, or additional living space. Generous storage throughout and a 3-car garage add to the home’s functionality. Step outside to your private backyard retreat, where a saltwater pool is surrounded by a 2021 screened enclosure, updated coping, and upgraded equipment—designed for year-round enjoyment. The expansive lot provides both space and privacy, enhanced by mature landscaping and a peaceful setting. Additional features include plantation shutters throughout with solar remote functionality, a Wi-Fi-enabled irrigation system, and a full Arlo security system with video doorbell and cameras. With no CDD fees and a community well (no water bill), this neighborhood combines peaceful, country-style living with everyday practicality and accessibility. This is a home where the current owners have invested in both quality and longevity—creating a move-in ready opportunity in one of Lutz’s most desirable gated communities. If you’ve been searching for space, privacy, and a true Florida lifestyle with access to boating and recreation, this is a must-see. Schedule your private showing today and experience everything 1310 Oxbridge Drive has to offer.
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.
