One or more photo(s) has been virtually staged. Major Price Reduction! Welcome to your own tropical waterfront retreat in the highly desirable Gulf Harbors community. Boating enthusiasts will appreciate the 45 feet of canal frontage featuring a 10,000 LB boat lift with electric and water, plus a deep-water canal providing quick, direct Gulf access with no bridges to navigate. Ideally situated near the end of one of the community’s most sought-after cul-de-sacs, this home offers the ultimate Florida waterfront lifestyle. This beautifully renovated coastal home features 3 bedrooms, 2 bathrooms, and 1,720 square feet of living space. Curb appeal abounds with a paver driveway and walkway, lush tropical landscaping, fresh exterior paint, and gutters. Inside, the thoughtfully designed split-bedroom floor plan offers flexibility with two spacious bedrooms, each featuring a walk-in closet and a full bathroom, allowing either room to serve as the primary suite. The third bedroom includes a built-in vanity/desk, ideal for a home office, guest room, or creative space. The bright and open living areas are filled with natural light and tranquil canal views. At the center of the home is the expansive chef’s kitchen featuring all-new soft-close wood cabinetry, abundant storage, granite countertops, tiled backsplash, newer LG stainless steel appliances, and a cozy eat-in area. Enjoy peace of mind knowing this home underwent extensive renovations in 2024/2025, including new PEX and PVC plumbing, HVAC system, electrical panel with additional fuses, whole-home surge protection, generator and RV hookups, tankless water heater, ceramic tile flooring, and a new garage door. Additional updates include a 2019 roof, double-pane windows installed in 2016, and hurricane shutters. Step outside to your private backyard oasis designed for entertaining and relaxation. Enjoy the large tiki bar, outdoor dining area, pergola with swing, outdoor shower, concrete sun deck, and above-ground pool—perfect for cooling off after a day on the water. The pool can be removed and grass can be added. The tiki bar can also be converted to an outdoor kitchen! Residents have the option to join the exclusive Gulf Harbors Private Beach Club for only $180 annually, offering sandy beaches, 21 pavilions, grills, restrooms, and breathtaking sunsets just minutes away. Optional membership to the Gulf Harbors Civic Association is $150 annually and includes access to community clubs and two boat ramps. The golf cart-friendly community is conveniently located just 3.2 miles from downtown New Port Richey, where you can enjoy Sims Park, festivals, concerts, restaurants, breweries, and local shopping. This exceptional waterfront property truly delivers the ultimate Florida lifestyle. Don’t miss the opportunity to make it yours!
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.
