Rare pond and conservation views in the maintenance-free community of The Preserve at Gulf Trace! This beautifully maintained 3-bedroom, 2.5-bathroom townhome with a 1-car garage offers 1,444 square feet of comfortable living space, a peaceful natural backdrop, and the most desirable settings in the community. Step out back to the screened lanai, where you can enjoy your morning coffee, grill in the evening, watch local wildlife and birds, or take in the incredible sunsets overlooking the tranquil pond and tree-lined conservation area. This is one of the few homes in the community offering both pond and conservation views, creating a private and relaxing outdoor setting. Inside, the first floor features an open-concept layout designed for everyday living and entertaining. The beautiful kitchen offers granite countertops, 42-inch cabinetry, an eat-in dining area, and a seamless flow into the spacious living room, where the water and conservation views continue to shine. A convenient half bathroom is also located downstairs. Upstairs, you’ll find the inside laundry area, two guest bedrooms, a full guest bathroom with quartz countertops and a tub/shower combination, and an oversized primary suite that can easily accommodate king-size furniture. The primary bedroom offers peaceful sunset views, a walk-in closet, and a beautiful ensuite bathroom featuring dual sinks, quartz countertops, a linen closet, and a fully tiled step-in shower. Additional features include hurricane shutters, hardwired ethernet ports throughout the home to maximize internet connection, and a thoughtfully designed split-bedroom layout. The low HOA and NO CDD make this home even more appealing, with the HOA including cable, high-speed internet, lawn maintenance, landscaping, exterior maintenance, exterior painting, escrow reserves for roof, exterior insurance, and outside pest maintenance. The Preserve at Gulf Trace offers true maintenance-free living along with community amenities including a playground and dog park. Ideally located minutes from Anclote Key State Park, Key Vista Nature Park, shopping, dining, Howard Park Beach, Sunset Beach, the J. Ben Harrill Recreation Complex with tennis courts, historic Tarpon Springs and the famous Sponge Docks, and downtown New Port Richey. If you’re looking for low-maintenance living with peaceful water and conservation views, this home is a must-see!
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.
