Welcome to 3609 Luma Dr in Holiday—a property that checks the boxes serious buyers are actively looking for right now: durability, efficiency, curb appeal, and long-term value. This Florida home has been strategically upgraded where it matters most. Brand-new impact windows provide peace of mind, lower insurance exposure, and improved energy efficiency—an immediate win for the buyer in today’s market. The exterior has been completely refreshed with a weatherproofed hardie board siding, delivering a clean, modern look with superior durability and low maintenance for years to come. The brand new exterior paint is a 'cooling paint' designed to keep the home noticeably cooler and a paint that outlasts your typical premium paints. Even more... A double-insulated garage door adds another layer of efficiency and storm readiness. Major systems are already handled, removing big-ticket concerns for the next owner: roof replaced in 2021 and AC in 2020. That’s the kind of upfront investment buyers appreciate—and pay a premium for—because it eliminates uncertainty and provides immediate longevity. Additionally, the home is equipped with new gutters, including leaf filters along the rear—adding both function and long-term ease of maintenance. Step out back and you’ll immediately notice one of this property’s strongest advantages: no rear neighbors. The result is a backyard that feels significantly larger than most in the area, offering added privacy, open sightlines, and a more expansive outdoor experience. Whether it’s entertaining, letting pets roam, or simply enjoying the extra breathing room, this is the kind of space buyers don’t come across often in Holiday/New Port Richey. Beyond the property lines, the lifestyle here is just as compelling. You’re minutes from outdoor staples like Key Vista Nature Park and Anclote Gulf Park, offering waterfront views, walking trails, and direct access to the Gulf. For those who enjoy biking, running, or staying active, the nearby Pinellas Trail provides miles of scenic pathways connecting you to multiple coastal communities. This is an ideal setup for buyers seeking an outdoorsy, Florida lifestyle with easy access to nature, recreation, and open space. If you're looking for a property that stands out from the typical Holiday/New Port Richey inventory, this one deserves all your attention. Clean, upgraded, and built to last—this is the type of home that will sell quickly at this price point. Call today to schedule your private showing at this move-in ready, well-equipped home—don’t let another buyer beat you to it.
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.
