Welcome to this Beautifully Updated 3 Bedroom, 2 Bath home offering nearly 2,000 square feet of living space. Inside, you’ll love the open floor plan with luxury vinyl plank flooring throughout, creating a seamless and modern flow. The kitchen, updated in 2021, features quartz countertops, stainless steel appliances, a double oven, soft-close cabinetry, and a stunning backsplash, making it both stylish and functional. The kitchen opens into a large dining area that is flexible to use for dining, living, or entertaining. Adjacent is a standout feature of this home, the sun-filled bonus room, lined with windows and finished with wood look ceramic tile —perfect for a home office, game room, art studio, or creative retreat. The spacious primary bedroom easily accommodates large furnishings and includes an ensuite bath with quartz countertops and a beautifully oversized, 4’x4’, tiled walk-in shower. The primary closet runs the length of the room, offering abundant storage. Two additional bedrooms, newly painted, both spacious for guests or family to create personal retreat, and share the second bathroom that has been tastefully updated with quartz countertops, tile finishes, and a tiled walk-in shower. Additional updates include electrical improvements, select window upgrades, and a water heater replaced in 2021. The single-car garage offers washer and dryer hookups along with a convenient utility sink. Ideally located in the heart of the Hillandale community of New Port Richey. Just minutes north of downtown and only a five-minute drive to the Cotee River, this home places you close to it all—parks, riverfront dining, concerts, parades, and festivals enjoyed year-round. Best of all, there is NO HOA and NO CDD, giving you freedom and flexibility in a prime location. This home combines space, style, and an unbeatable lifestyle—schedule your private showing and experience Hillandale living at its best.
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.
