5831 1st Ave New Port Richey, FL 34652
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About this home
UPDATED 3BR/2BATH PLUS FAMILY OR 4TH BEDROOM! BLOCK HOUSE, ROOF 2020, AC 2018, RE PIPE ON 2022, DUAL-PANE WINDOWS TROUGHOUT THE HOUSE, BACK YARD VINYL FENCE, NO FLOOD ZONE, NO SEPTIC TANK, NO HOA. MORE THAN 1500 SQ FT. Residence in Holiday Garden Estates with spacious open floor design and timeless finishes. The open layout features hardwood flooring in living areas. As soon as you enter, you will see the open space, the living room then dining room with the updated kitchen on the right with access to the back screened lanai and from the lanai you access the vinyl fenced back yard. From the kitchen also you enter the inside laundry, master bedroom and master bathroom with new tile, new vanity and new toilet, the Kitchen includes granite counters, custom cabinetry, and stainless steel appliances. From the entrance after the dining room you head to the family room or 4th bedroom, bonus room or office, to your left the guest bathroom with shower tub, with new tile, new vanity, new toilet and the other two bedrooms. The house has modern stylish light fixtures . Exterior offers storage shed. Located near schools, shopping, and dining, just 10 minutes to the Gulf. Come and see this great opportunity before gets under contract!
Source: STELLAR #W7877078
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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.