Welcome to this beautifully maintained, spacious, and thoughtfully designed 5-bedroom, 2.5-bathroom home conveniently located in the Copperspring community of New Port Richey. Offering nearly 3,000 square feet of comfortable living space with a flexible layout to fit a variety of lifestyles, including a primary bedroom suite conveniently located on the main level. Featuring a bright open-concept floor plan, the home provides excellent flow between the kitchen, dining, and living areas, creating an inviting space for both everyday living and entertaining. The first floor also includes a dedicated office/den, ideal for working from home or additional flex space. Upstairs you'll find a versatile loft area perfect for a media room, playroom, or second living space, along with generously sized secondary bedrooms. Situated on a large lot of over 7,000 square feet, the backyard offers plenty of room to create your ideal outdoor retreat, whether that includes a future pool, outdoor kitchen, or expanded patio area. Residents of Copperspring enjoy community amenities including a pool, playground, and walking trails, along withaccess to the nearby Anclote River for kayaking and canoeing. The community also features a dock overlooking a natural spring, offering a peaceful setting to enjoy Florida’s natural beauty. Conveniently located just off State Road 54, the home is less than 10 minutes to Downtown New Port Richey, less than 10 minutes to Trinity and Odessa, and under 20 minutes to the Tarpon Springs Sponge Docks, placing shopping, dining, parks, and waterfront attractions within easy reach. Downtown Tampa and Tampa International Airport are also approximately a 45-minute drive, making commuting and travel convenient. Schedule your private showing today and discover the space, comfort, and convenience this Copperspring home has to offer.
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.
