Welcome to the highly desirable Lexington Oaks Golf Club community. Perfectly positioned along the 8th hole, this beautifully maintained home offers tranquil GOLF COURSE VIEWS from the private screened lanai overlooking the tee box — the ideal setting to relax and enjoy Florida living. From the moment you arrive, you’ll appreciate the home’s exceptional curb appeal, highlighted by upgraded pavers, gutters, and mature palm landscaping that enhances the property’s inviting exterior. Elegant French front doors create a warm and impressive entrance into the spacious interior. Inside, the home features a desirable split floor plan that provides both privacy and functionality. Formal living and dining room areas offer the perfect spaces for entertaining guests or hosting special occasions, while the open-concept main living areas create a comfortable everyday flow. The kitchen is thoughtfully designed with plenty of cabinet space, granite countertops, stainless steel appliances, a breakfast bar, cooking island, and complemented by premium water systems, including a Flow-Tech system and reverse osmosis filtration. An indoor laundry room adds everyday convenience and practicality. The functional layout also features a desirable 3-car garage, offering ample space for storage and convenience. Recent major updates provide added peace of mind, including the roof and HVAC system, both replaced in 2022. Blink security cameras will also convey with the home. This exceptional golf course residence combines comfort, quality upgrades, and picturesque surroundings in one of Wesley Chapel’s established golf communities. Lexington Oaks is a deed-restricted golf community with many amenities including a championship 18-hole golf course, fitness center, heated pool, soccer, tennis, basketball & volleyball courts, playground, splash pad, clubhouse, and Omari's Bar & grill. Lexington Oaks is conveniently located near daycares, schools, hospitals, restaurants and several major shopping districts.
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.
