Welcome to SUMMER TIME at 3802 GRAYTON DRIVE, where you can enjoy the best in Gulf Coast living year-round! This updated and well-maintained home is situated along a peaceful canal, offering tranquil water views, beautiful sunset skies, fishing right from your own backyard, and even room to launch a kayak for a relaxing ride. Plus, there is an above-ground pool, perfect for cooling off on warm Florida days, and a fire pit where you can gather with friends and family in the evenings. Together, these outdoor spaces create a lifestyle you are sure to enjoy. Inside, the home is equally inviting, featuring open and comfortable living spaces with a layout that flows easily for both everyday living and entertaining. New flooring, an updated kitchen, and gorgeous new bathrooms give the home a fresh, modern feel. The two bedrooms provide generous space and ample closets, while the flex room, currently used as a fun bar and theater room, could easily serve as a third bedroom, home office, playroom, hobby space, or guest retreat. The community also offers an optional membership to the community pool, complete with a tiki hut, BBQ area, RV and boat storage, and year-round community events. Just outside the back entrance of the neighborhood, you’ll find a brand-new biking, jogging, and walking trail that follows the scenic Gulf Coast, creating another wonderful way to enjoy the Florida lifestyle. Outdoor enthusiasts will appreciate the abundance of nearby recreation opportunities. Enjoy fishing, kayaking, hiking, biking, beaches, boat launches, parks, sports facilities, and nature trails all within minutes of home. Nearby favorites include Anclote Gulf Park, Anclote River Park, Key Vista Nature Park, and the Holiday Recreation Complex, offering countless opportunities for outdoor fun and adventure. When you’re ready for dining and entertainment, historic downtown New Port Richey is just a short drive away, featuring local restaurants, festivals, parades, concerts, ice cream shops, and community events along the beautiful riverfront. From your peaceful canal view and outdoor living space to nearby parks, beaches, trails, restaurants and recreation, 3802 Grayton Drive offers an exceptional opportunity to enjoy the very best of Florida living. Don’t miss your chance to make this special home your own piece of paradise!
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.
