Luxury Living in New Port Richey backing right up to Starkey park with no rear neighbors! Experience the perfect blend of privacy and nature in this stunning 3-bedroom, 2-bathroom sanctuary. Peace of mind comes standard with a brand-new 2026 roof and a 2022 AC system, nestled within a secure, gated community on a quiet private road. Step inside to a wide-open floor plan accentuated by elegant crown molding and beautiful engineered wood flooring. The heart of the home is the kitchen equipped with a new refrigerator, new stove, stainless steel microwave, dishwasher, and disposal. All bedrooms feature premium cedar-lined closets, providing that classic touch of luxury and protection. Dedicated indoor laundry room with kohler sink and upper cabinets that leads into a spacious 2-car garage. The Master Suite is a true getaway, boasting a massive walk-in closet, a secondary closet for him, and an en-suite bath with a double vanity, linen closet, a walk-in tiled shower, and a soothing spa tub. Not to be outdone, the second bathroom also features a tub shower and light tile flooring, ensuring guests feel just as pampered. Your backyard is a gateway to adventure! Backing directly up to Starkey Wilderness Park, you are seconds away from premier horse trails and biking paths. The Starkey Wilderness Park offers an ample amount of activities some include camping, inline skating, bird watching and more!! After a bike ride or walk up the road to the local favorite coffee shop/brewery spend the evening take the nearby main artery to New Port Richey’s best shopping and dining. Relax in your fully screened-in back patio, enjoying the Florida breeze without any worry in the world.
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.
