10279 Julia Isles Ave, Oxford, FL 34484
3 beds · 2 baths · 2,340 sqft
ASSUMABLE MORTGAGE 2.375% interest rate. RESORT STYLE LIVING: This nearly new, solar-powered Berkshire model home in the desirable Enclave at Lakeside Landing offers the perfect blend of luxury and sustainability. Boasting 3 bedrooms, 2 baths, plus a versatile bonus room, this spacious 2,340 sq. ft. residence is situated on a lushly landscaped 0.32-acre lot with an oversized driveway, a large garage, and an additional golf cart bay. Inside, you'll find an expansive, open floor plan designed for both comfort and entertaining, featuring a professional-grade chef’s kitchen complete with stainless steel appliances, quartz countertops, and ample cabinetry. The large living and dining areas provide ample room for gatherings and open onto a screened lanai with new Chattahoochee flooring, where you can relax and enjoy the best of Florida’s weather year-round. The bonus room, with custom built-ins and a built-in desk, is ideal as a home office, library, or creative space for hobby enthusiasts. The home is filled with thoughtful upgrades, including enhanced lighting, build-ins in all closets, plantation shutters, garage storage racks, quick screen additions on both the garage and front doors, attic stairs, and a smart garage door opener. Designed for modern convenience, this home is entirely powered by a cutting-edge solar system, with electric bills only covering the power company’s $33 monthly admin fee. Residents of Lakeside Landing enjoy a wealth of amenities, including a resort-style pool with a waterfall, a secondary pool, hot tub, clubhouse with a billiards room, tennis courts, a putting green, playground, and dog park. The HOA covers lawn care and trash pickup, making life here as convenient as it is luxurious. Meticulously maintained and featuring a neutral color palette, this home is move-in ready for its next owner. Don’t miss your chance—schedule a private tour today!
Source: STELLAR #om688894
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #om688894
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #om688894
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.