DIRECT GULF ACCESS, NO FIXED BRIDGES, 10,000 LB BOAT LIFT, ASSUMABLE VA MORTGAGE, AND STUNNING SUNSET VIEWS! Welcome to this exceptional waterfront home in one of Port Richey's most desirable boating communities. Built in 2003 and perfectly positioned on a deep-water canal with DIRECT ACCESS TO THE GULF, this move-in-ready property offers the ultimate Florida waterfront lifestyle with the ability to boat, fish, kayak, or cruise to waterfront restaurants right from your backyard. Designed for both comfort and entertaining, this spacious two-story home features an OPEN-CONCEPT FLOOR PLAN filled with natural light and beautiful water views throughout. The kitchen is equipped with GRANITE COUNTERTOPS and flows seamlessly into the main living areas, while UPDATED BAMBOO FLOORING adds warmth and character throughout the home. The primary suite serves as a private retreat, featuring its own waterfront lanai, two closets including a large WALK-IN CLOSET, and peaceful views of the backyard and canal. Whether enjoying your morning coffee or winding down after a day on the water, this space was designed to embrace the coastal lifestyle. Boaters will appreciate the STATIONARY DOCK WITH WATER AND ELECTRIC, FLOATING DOCK, and 10,000 LB BOAT LIFT, providing quick and convenient access to the Gulf with NO FIXED BRIDGES. The west-facing backyard offers breathtaking Florida sunsets and is fully fenced, making it perfect for pets, gatherings, and outdoor enjoyment. Step outside onto the OVERSIZED COMPOSITE WATERFRONT DECK, recently upgraded for years of low-maintenance enjoyment. Complete with a TIKI BAR featuring electric and running water, this outdoor space is ideal for entertaining family and friends while enjoying panoramic water views and unforgettable sunsets. Major improvements include a NEW ROOF (2024) and NEW HVAC SYSTEM (2025), providing peace of mind for years to come. Additional features include a HUGE 21' x 30' GARAGE, a SEPARATE STORAGE GARAGE, and ample space for all your boating, fishing, and outdoor equipment. An added bonus is the ASSUMABLE VA MORTGAGE with an approximate balance of $150,000 at just 2.75% interest (subject to lender approval), offering a unique financing opportunity for qualified buyers. The current flood insurance policy through Progressive is approximately 722 annually. Conveniently located near US-19, shopping, dining, marinas, parks, and local entertainment, this home offers the perfect balance of waterfront privacy and everyday convenience. The seller has already moved out, making this home VACANT, MOVE-IN READY, and waiting for its new owner. If you've been searching for a true Gulf-access property with modern updates, exceptional outdoor living, and direct boating access, this is the one you've been waiting for. Schedule your private showing today and experience Florida waterfront living at its finest.
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.
