Experience unparalleled luxury and serenity in this breathtaking 4,200 sq. ft. estate, nestled on 2.5 private acres on a dead end street in the heart of New Port Richey. Built in 2005, this meticulously designed 4-bedroom, 3.5-bathroom home is a true masterpiece, blending elegance, functionality, and sustainability with a recently added fully equipped solar panel system for maximum energy efficiency making your monthly electric bill only $150-$200 a month! Both AC units are new from 2023 and the water heater is also NEW! From the moment you step inside, you'll be captivated by the soaring ceilings, exquisite architectural details, and abundant natural light streaming through expansive windows. At the heart of the home, a chef’s dream kitchen awaits, featuring BRAND NEW top-of-the-line stainless steel appliances, an island, custom cabinetry, and countertops with premium space. Thoughtfully designed for both culinary enthusiasts and entertainers alike, this space flows seamlessly into the expansive living and dining areas, creating the perfect ambiance for hosting gatherings both large and small. The grand primary suite is a private sanctuary, offering a spa-like en-suite bath complete with a soaking tub, dual vanities, and a spacious walk-in shower. Generously sized guest bedrooms provide comfort and style, while high-end finishes such as crown molding add to the home’s sophistication. Every inch of this residence has been thoughtfully crafted to maximize both elegance and functionality. Stepping outside, you'll find your own resort-style retreat, where a screened-in, heated in-ground pool with a BRAND NEW pool pump, invites you to unwind in complete tranquility. Whether you're enjoying a quiet morning coffee on the covered lanai or entertaining guests under the stars, this backyard paradise offers endless possibilities. The expansive 2.5-acre lot provides ample space for recreational activities, and with no HOA restrictions, you have the freedom to bring your boats, RVs and more. The home is placed at the end of a dead end street and over looks 2.5 acres of wetland! This exceptional property offers the perfect balance of privacy and convenience, located just minutes from top-rated schools, shopping, dining, and the stunning Gulf Coast beaches. Homes like this—where luxury, comfort, and sustainability come together—are a rare find. The home is on well and septic and offers a BRAND NEW Well pump AND holding tank!
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.
