Auction Property. Welcome to a home that feels like possibility. Set on a rare 0.33± acre end lot, this 3-bedroom, 3-bath property offers the kind of space, privacy, and flexibility that’s hard to find—and even harder to let go. From the moment you arrive, you’ll sense the openness and potential that surround this property. Whether you dream of adding a pool, creating a garden sanctuary, hosting gatherings, or simply enjoying the peace of having room to breathe, this oversized lot invites you to imagine the life you want to build. Inside, the thoughtful layout offers comfort and versatility for the way you live today and the way you might live tomorrow. Three ensuite bedrooms, two with private exterior access, create endless possibilities—welcoming guests with ease, supporting multigenerational living, or offering rental income opportunities. The updated kitchen feels warm and inviting, with a central island that can be expanded if desired. Enjoy meals in the cozy eat-in dining area. Bring your ideas to the bonus room just behind the kitchen. The space is perfect as a walk-in pantry, laundry room, mud room, office, or craft room. Outside, the property truly shines. Multiple patios offer spaces for morning coffee, evening conversations, or weekend cookouts. There’s ample room for RV or boat parking, plus two powered sheds ready to become workshops, storage, or creative studios. And with nearby boat access to the Cotee River and the Gulf, your next adventure is always within reach. Peace of mind comes naturally here with energy-efficient thermal windows, a reliable Carrier HVAC system, no storm damage or claims, and no flood zone designation. All of this sits just minutes from the vibrant heart of downtown New Port Richey—where restaurants, shops, breweries, parks, beaches, and local events fill your days with color and convenience. Whether you're seeking a primary residence, a seasonal escape, or a valuable investment, this home offers something rare: space to grow, flexibility to adapt, and a setting that inspires you to stay awhile. Your next chapter begins here.
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.
