25954 RISEN STAR DR, Wesley Chapel, FL 33544
Welcome home to tranquility. This beautiful and spacious 4 bed/3.5 bath/2 car garage 3016 sq/ft POOL home located in the Lexington Oaks golf community of Wesley Chapel sits on the golf course in the Northhampton Village of the community. This home features a split-bedroom floorplan, den/office, formal living/dining rooms, PLUS a large bonus room. As you enter the home through the double door entry, the focus is on a large foyer with French doors to the office which flows to the separated living room/dining room & provides a great view of the pool. The open floor plan continues into the kitchen/breakfast nook overlooking the large family room. The kitchen features an abundance of 42" cabinets, granite counters, pendant lighting, stainless steel appliances, an island, breakfast bar & pantry. The large primary bedroom includes two walk-in closets and a bathroom with double sinks, garden tub, & separate shower. There is an abundance of storage in this home with extra storage under the stairway & in the hallway by the guest bedroom. The large laundry room will make any laundry day less of a chore. The screened salt-water and heated pool & lanai has a built-in bar that makes this area great for entertainment. The pool can be accessed from FOUR separate sliders, which makes this one of the BEST gathering places of the home. From the pool enjoy the evenings overlooking the peaceful golf course & conservation views beyond. HVAC units replaced 2023(downstairs) 2021 (upstairs) , hot water heater (2018), roof (2014), and pavers installed (2019). Lexington Oaks offers an array of amenities within its deed-restricted, pay-as-you-go golf community, including a championship 18-hole golf course, fitness center, heated pool, and various sports courts. Additionally, residents can enjoy the clubhouse and Omari's Bar & Grille. There are also two daycare centers in the community. Conveniently located near high rated schools and Reputable hospitals, this home ensures both comfort and convenience. Plus, with a low HOA and CDD fee (included in taxes), it presents an exceptional opportunity to embrace the coveted Lexington Oaks lifestyle. Plus, with QUICK ACCESS to I-75 and I-275, Wiregrass mall, Outlets stores, The Krates, and renowned Restaurants, you'll find that this location truly epitomizes the Perfect Blend of Convenience, Accessibility and Charm. In addition, it boasts a comfortable commute time to downtown Tampa and Tampa International Airport.
You may be able to put down less than the total down payment amount of $280,421 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #t3548845