11012 Oyster Bay Cir New Port Richey, FL 34654
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About this home
NEW ROOF 2025! Welcome to 11012 Oyster Bay Circle, Your Private Retreat in the Heart of New Port Richey! NO FLOOD INSURANCE REQUIRED! Tucked inside the serene and gated community of Waters Edge, this beautifully maintained residence offers the perfect balance of peace, privacy, and modern comfort. Step inside the spacious and beautifully maintained two-story home located in the highly sought-after gated community of Waters Edge. This 5-bedroom, 4-bathroom residence offers 2,635 square feet of versatile living space, perfect for growing families, multigenerational living, or those who love to entertain. Step inside to find a bright, open floor plan featuring formal living and dining rooms, a large family room, and a gourmet kitchen with 42” wood cabinetry, beautiful granite countertops, and a spacious pantry. The first floor includes a guest bedroom and full bathroom, ideal for visitors or in-laws. Upstairs, you’ll find an expansive owner’s suite with a sitting area, walk-in closet, and spa-style bath with a soaking tub, separate shower, and dual vanities. Three additional bedrooms, another full bath, and a bonus room have flexible space for a home office, gym, or ?media room. Situated on a quiet preserve lot with no rear neighbors, this home provides privacy and peaceful views from the covered lanai. Additional features include a three-car garage, inside laundry room, and abundant storage throughout. Waters Edge is known for its resort-style amenities, including a grand clubhouse, fitness center, swimming pool, playgrounds, basketball courts, scenic walking trails, and two fishing piers on a spring-fed lake. With top-rated schools nearby and convenient access to the Ridge Road extension and Suncoast Parkway, commuting to Tampa or exploring the Gulf Coast has never been easier. Don’t miss your chance to experience Florida living at its finest in this exceptional home! Don't delay, schedule your appointment today
Source: STELLAR #TB8407973
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.