5926 Grey St New Port Richey, FL 34652
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About this home
This is truly a UNIQUE PROPERTY with a spacious home on a QUARTER OF AN ACRE and a 36' RV TRAILER fully connected to water, electric and septic that can be rented out short or long term or used to house a family member. Or, you can disconnect it and use it for camping, as it is road ready. In addition, this property, shaded by mature oak trees, is within walking distance of a supermarket, banks, parks and schools. When you walk in the front door, you're greeted by an impressive WOOD-BURNING, STONE FIREPLACE within a living room that can accommodate a large sectional or multiple couches and recliners. The primary bedroom, which is also oversized with plenty of room for king-sized furniture and three closets for clothes, shoes and belongings, has an EN-SUITE BATHROOM with a fully-tiled shower and double sinks. The second bedroom is also a good size with a double closet. A country, eat-in kitchen with CUSTOM-MADE, SOLID WOOD CABINETRY leads to a French door to the backyard which is fully fenced and secured with two gates for entry of large vehicles on one side. This is where the RV, a 2014 36' Keystone Laredo, is currently located. The one car garage with opener has plenty of room for your car with TWO ADDED STORAGE ROOMS in the back of the garage which come in handy for your sporting items and equipment. The flooring was replaced 6 years ago with easy-to-clean laminate and NO CARPETING. The roof, HVAC and well were replaced about 6 years ago as well. This property is NOT IN AN HOA, so there are NO DEED RESTRICTIONS OR FEES AND ASSESSEMENTS. Don't miss out on this truly special property under $300k!
Source: STELLAR #TB8440573
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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.