So much new!! STUNNING BRAND NEW KITCHEN 2024. BRAND NEW SHINGLE ROOF. NEW HVAC SYSTEM 2024. NEWER WINDOWS 2017! NEW WHITE VINYL FENCE 2024. NO FLOOD ZONE, NO FLOOD INSURANCE NEEDED. Welcome to your Florida lifestyle retreat, tucked into a serene and well kept neighborhood in the HEART OF NEW PORT RICHEY. Drive up to a home with attractive elevation and architectural appeal. Step inside to your Spacious REMODELED KITCHEN featuring NEW QUARTZ COUNTERTOPS, LOTS OF NEW WOOD CABINETS, NEW BACKSPLASH, NEW SS APPLIANCES (except oven), and Breakfast Bar. The Kitchen opens to the Family Room for that OPEN CONCEPT everyone is looking for, perfect for everyday living and for entertaining. Natural light fills the home, creating a warm and inviting atmosphere throughout. You’ll like the SPLIT BEDROOM FLOOR PLAN where everyone enjoys their privacy. The primary suite offers an en suite bath and ample closet space including a walk-in closet plus a 2nd closet, while the additional bedrooms provide flexibility for guests, a home office, or growing households. Major improvements add peace of mind, including a BRAND NEW SHINGLE ROOF DECEMBER 2025, and added solar powered fans to enhance energy efficiency. NEW $8,000 3.5 ton HVAC SYSTEM 2024. UPDATED HURRICANE Energy Efficient WINDOWS 2017. Water softener, Ecobee thermostat with smart home features. Step outside to enjoy the Florida sunshine in your FULLY FENCED BACKYARD, complete with a large Screened Lanai and plenty of space for a future pool or garden oasis. A SPACIOUS TWO CAR GARAGE provides secure parking along with additional storage. The true charm of this home extends beyond the property itself. Located just minutes from downtown New Port Richey (3 miles away), residents enjoy a vibrant local scene full of character and charm. Spend weekends at Sims Park with its waterfront views, splash pad, playgrounds, scenic riverwalk, and frequent community events (3 miles). Enjoy boutique coffee at Mountaineer Coffee, handcrafted sandwiches at Butcher’s Block, or dinner at the highly rated Zen Kitchen and Bar. Treat yourself to artisan ice cream at Cotee River Creamery or catch a live performance at the historic Richey Suncoast Theatre. Outdoor enthusiasts will appreciate easy access to kayaking and paddleboarding on the Pithlachascotee River (2 miles), peaceful walks through Eagle Point Park with its mangrove trails and birdwatching (3 miles) or James E. Grey Preserve (4 miles). Wrap up the day with a locally brewed craft beer at Ordinance One or Dented Keg Ale Works alongside friendly neighbors. This home is not only an investment in comfort but also an invitation into a close knit community and a coastal lifestyle rich in small town charm. Whether you are a first time buyer, relocating for a fresh start, or looking to enjoy Florida living year round, this property offers the opportunity to live where others vacation.
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.
