5548 Cannonade Dr, Wesley Chapel, FL 33544
3 beds · 2 baths · 1,780 sqft

Get a free consultation call with an expert in the mortgage assumption process.
One or more photo(s) has been virtually staged. A SIGNIFICANT PRICE IMPROVEMENT!! Enjoy Luxury Living in the highly sought after Lexington Oaks Community! This gorgeous SINGLE-FAMILY VILLA boasts stunning and tranquil pond views from your screened lanai and the luxury of hassle free maintenance courtesy of the HOA. The Sellers have just finished giving this home a FRESH NEW LOOK! The interior is transformed with stunning, freshly painted walls that breath new life into every room. The ceilings too are freshly painted and are now bright, creating an airy and spacious feel while the garage has been completely painted too! But that's not all. New Smoke detectors have been installed for that extra peace of mind with New LED Recessed Lighting too. Discover the many comforts of 3-beds, 2 bath living in this lovely and sought after gated community. The ROOF was replaced in 2016 (HOA) with EXTERIOR recently PAINTED also by the HOA. Beautiful WOOD LAMINATE floors are in the living room and the 3rd bedroom/office with lovely French doors too. This extraordinary home boasts a new BOSCH DISHWASHEER, NEW WASHER and DRYER, NEWER AC and WATER SOFTENER. Bring your own personalization to make this home your own Florida dream home. The exceptional and conveniently located Lexington Oaks Community offers the benefit of carefree Florida Living, featuring 2 pools, one close to this villa for ease of use while the second pool is heated in the winter for year round enjoyment. You can also enjoy the outstanding gym, tennis courts, and CLUB HOUSE. An 18 HOLE PUBLIC GOLF COURSE is available for with a separate fee. Schedule your appointment today to view this amazing property and the improvements that have been made.
Source: STELLAR #W7872190
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 #W7872190
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.
