WELCOME TO BEAUTIFUL LONGLEAF, one of Trinity/New Port Richey’s most sought-after communities! Perfectly positioned across from PEACEFUL CONSERVATION VIEWS filled with Florida wildlife including deer, otters, and a variety of beautiful birds, this STUNNING 4-BEDROOM, 3.5-BATHROOM, OFFICE, MAIN HOME with a SPACIOUS 1 BEDROOM, 1 FULL BATHROOM MOTHER-IN-LAW APARTMENT offers the perfect blend of luxury, flexibility, and timeless neighborhood charm. Relax and unwind from the expansive FULL-WIDTH FRONT PORCH while enjoying the tranquil natural setting right outside your door. Inside the main home, you’ll find an open and spacious layout featuring HIGH VAULTED CEILINGS, NEW LUXURY VINYL PLANK FLOORING throughout the main living areas, and abundant natural light. The kitchen is designed for both entertaining and everyday living with GRANITE COUNTERTOPS, TILE BACKSPLASH, CENTER ISLAND, BREAKFAST BAR, EAT-IN KITCHEN AREA, PANTRY, STAINLESS STEEL APPLIANCES, and a NATURAL GAS RANGE, all overlooking the main living room. The spacious primary suite is conveniently located downstairs and features a CUSTOM WALK-IN CLOSET along with a luxurious en-suite bathroom complete with DUAL VANITIES, JACUZZI TUB, and separate SHOWER STALL. Upstairs offers additional flexibility with three secondary bedrooms, including two connected by a JACK-AND-JILL BATHROOM, plus a LARGE LOFT perfect for a second living room, playroom, or home office space. The private SCREENED-IN BACK PORCH creates the ideal setting for outdoor relaxation, while the oversized mother-in-law apartment above the garage includes a FULL BATHROOM, CLOSET, and spacious living area perfect for guests, extended family, or a private office setup. Additional major upgrades include a BRAND-NEW ROOF and NEWER AC SYSTEMS. All of this in the highly sought green community of Longleaf which provides easy access to Tampa and Clearwater! Longleaf amenities include shops/restaurants, clubhouse, heated pool/spa, parks, playgrounds, walking trail, tennis/beach volleyball/basketball courts, baseball field, and plenty of community events throughout the year! Longleaf Elementary and Longleaf learning center located within the neighborhood! And just a short walk to Starkey market! This is the Longleaf lifestyle you’ve been waiting for. Schedule your private showing today!
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.
