Offered BELOW APPRAISED VALUE! Zoned for River Bluff & Meadow Glen schools, this beautifully maintained 5-bedroom, 4-bath home offers over 3,100 square feet of comfortable, flexible living in one of Lexington’s most convenient locations—just 3 miles to I-20 for an easy commute while still enjoying a quiet, tucked-away feel. Designed with everyday living in mind, the layout offers incredible versatility. A main-level bedroom with a full bath just steps away provides the perfect setup for guests, in-laws, or anyone needing first-floor living. You’ll also appreciate the dedicated office space downstairs, ideal for working from home without sacrificing living areas. The heart of the home is warm and inviting, featuring hardwood floors, high ceilings, and elegant coffered details. The kitchen is built for connection—whether that’s casual mornings at the island or hosting friends and family—complete with granite countertops, stained cabinetry, tiled backsplash, pantry, and an eat-in area. The great room flows seamlessly with a gas log fireplace and architectural touches that make the space feel both open and cozy. Upstairs, the oversized bonus room gives you the flexibility to create the space you need—media room, playroom, second living area, or private retreat. The primary suite offers a peaceful escape with vaulted ceilings, a walk-in closet, and a spa-like bath featuring double vanities, a garden tub, separate shower, and water closet. Additional bedrooms are spacious and thoughtfully designed, including Jack-and-Jill bath access. Step outside and enjoy a covered back porch and fenced yard, perfect for relaxing evenings or weekend gatherings. And when you’re ready to get out and enjoy the neighborhood, the community pool offers a great spot to unwind, cool off in the summer, and connect with neighbors—adding to the easy, social lifestyle this home provides. With its blend of space, flexibility, and location close to shopping, dining, and major roadways, this home truly supports the way you want to live—comfortable, connected, and with room to grow. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
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.
