51 Lexington Dr, Dunedin, FL 34698
3 beds · 2 baths · 1,377 sqft
Get a free consultation call with an expert in the mortgage assumption process.
BEST VALUE IN DUNEDIN, FLORIDA. NO FLOOD INSURANCE REQUIRED, LOCATED IN GOLF CART ZONE, NEW ROOF IN 2023, BRAND NEW STAINLESS STEEL GE KITCHEN APPLIANCES, BONUS 4th BEDROOM/GUEST ROOM/DEN. This 3BR/2BA/1Carport plus Bonus Room home is located in the Dunedin golf cart zone and only a half mile away is Dunedin Elementary and Dunedin Middle. As you enter the home you will be amazed by the abundant amount of natural light in this home provided by windows in the kitchen, dining area, as well as the large three-door- sliders in the great room overlooking a large open patio area. You will be impressed by the mid-century modern look of the living space with its cathedral ceilings in the great room through the dining area and beautifully stained beams along with large ceramic tiles throughout. The master bedroom has an ensuite bathroom and a large 10ft full size closet. All the bedrooms have brand new carpeting as well as the bonus room. The main hallway boasts multiple closets for plentiful storage. The laundry room is located at the back of the carport and includes full size washer and dryer with additional storage. The exterior offers great features such as a circular driveway, large backyard, irrigation system on reclaimed water, and a large shed for additional storage and workspace. Enjoy desirable Dunedin's downtown nightlife, festivals, & restaurants just minutes away. Don't forget to relax on your Gulf Beaches at Honeymoon Island, Caladesi Island, Dunedin Causeway, & Clearwater Beach! Tampa International provides a gateway to the world and is only 18 miles away or half-hour drive as well as Raymond James Stadium, home to the Tampa Bay Buccaneers; downtown Tampa is only a few minutes further and is home to the Tampa Bay Lightning and the Straz Center for Performing Arts. You may also want to go just 20 miles south to Downtown St Petersburg for the Tampa Bay Rays and the great night life and arts along Beach Drive. All this is within only a short drive from your future home.
Source: STELLAR #TB8337215
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #TB8337215
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.