If you’ve been looking for a true family home with a POOL, and access to sought after Parrish schools, this one checks all the boxes. Tucked on one of the best streets in Lexington, this grand two story home gives you the space, flexibility, and setting that just feels right from the moment you walk in. The dramatic foyer opens things up with soaring ceilings, leading into formal living and dining spaces that are perfect for holidays, gatherings, or just having room to spread out. The everyday living happens in the open family room and kitchen, where you’ll find granite countertops, stainless steel appliances, a center island, pantry, and great natural light that keeps the space bright and connected. One of the most valuable features is the ground level fourth bedroom with a full bath right next door. Whether you need a home office, guest space, or a spot for extended family, it gives you options without sacrificing privacy. Upstairs, you’ll find a flexible loft that can easily become a playroom, movie space, or second living area. The primary suite offers two walk in closets and a spacious bath with dual sinks, soaking tub, and a large walk in shower. Two additional bedrooms, a full bath, and a full utility room round out the second floor. Step outside and you’ll see why this home stands out. The pool and screened lanai overlook a peaceful pond and preserve, giving you that quiet backdrop and extra privacy that’s hard to find. And when you want more, the community pool with splash area and sports courts is just down the street. All of this with a low HOA and a location minutes to Creekside Commons for everyday shopping and dining. If you’ve been waiting for a home that fits your lifestyle and gives you room to grow, this is one worth seeing.
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.
