Welcome to Lexington Oaks! Tucked away in the Saratoga Village of Lexington Oaks, you'll love the peace and quiet of being on a cul de sac street with no backyard neighbors and a CONSERVATION VIEW that spans the rear and one full side of the property. Inside, you'll find that this home is in AMAZING CONDITION and has been very well cared for over the years. Like to entertain? The efficient floor plan provides multiple living areas that allow large groups to be together comfortably. The dining and living flex space spans 25', giving you many options to set it up to fit your needs. The kitchen opens to the family room so you can food prep and keep an eye on little ones or pets. The primary suite is great for those that need a large bedroom and a bathroom that gives plenty of room with separate sinks for getting ready in the morning. The split floor plan has the other three bedrooms in the rear of the home, with one currently being used as an office. In the evening, you can head out back to the covered lanai and take in the sights and sounds of nature as you wind down the day. The ROOF was replaced in 2024! Lexington Oaks offers some amazing amenities, including the golf club, fitness center, playground, sports courts and a large heated pool and splash pad! You can also rent out the community center with a kitchen and seating for large parties. Saratoga Village has its own soccer field and tennis/pickleball courts! You'll love the location: Publix is 3.5 miles away, I-75 is 3 miles away, Tampa Premium Outlets are just 15 minutes and Wesley Chapel is loaded with shops and restaurants just minutes away. Come see this one today!
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.
