Rare opportunity in one of the most desirable locations within Lexington Country Club, offering expansive golf course and clubhouse views plus a 2% assumable mortgage. Situated on a nearly 10,000 square foot pie shaped lot, one of the larger single family homesites in the community, this property provides added space, privacy, and long fairway views across the 18th hole with water in sight. This modified single family home features a wide screened lanai that captures panoramic lake and golf course scenery, creating a true indoor outdoor Florida lifestyle setting. The backyard feels open and private with uninterrupted green space behind the home. Inside, the open concept layout offers tile flooring throughout the main living areas, 10 foot ceilings, crown molding, and plantation shutters. The single story design is comfortable and functional with three bedrooms and a spacious primary suite overlooking the rear views. The primary bath has been beautifully updated with a large walk in tiled shower, dual quartz vanities with custom lighting, and a generous walk in closet with built in organization. The kitchen is warm and inviting with custom wood cabinetry, quartz countertops, stainless steel appliances, and a bright breakfast area with front yard views. The layout flows seamlessly into the main living space, ideal for entertaining or everyday living. Additional upgrades include remote controlled high wind hurricane screens, impact resistant windows, a 16 Seer Carrier air conditioning system installed in 2022 with UV filtration, and a newer 50 gallon water heater. The laundry room offers full cabinetry and upgraded washer and dryer. Smart home features include exterior cameras and a programmable thermostat. The garage is spacious with ample storage and comfortably accommodates two vehicles plus a golf cart, with additional room for equipment or storage. Fresh interior and exterior paint completed in 2023 adds to the move in ready appeal. The garage floor and driveway will be freshly painted by the end of February as well. Residents of Lexington Country Club enjoy a vibrant resort style lifestyle centered around an 18 hole championship golf course. Amenities include 12 lighted tennis courts with dedicated pickleball courts, six heated swimming pools, a fully equipped fitness center offering group classes, three bocce courts, a lending library, tiki bar and restaurant, clubhouse dining, a private beach area, and beautifully maintained grounds, all within a gated community with 24 hour security. The community is ideally located just minutes from Gulf beaches, shopping, dining, medical facilities, and Southwest Florida International Airport. With one of the larger premium single family lots in the neighborhood, sweeping 18th fairway views, exceptional amenities, and a highly attractive assumable 2% mortgage rate, this property stands out as a rare find within Lexington Country Club.
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.
