7415 Lake Forest Cir Port Richey, FL 34668
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About this home
Welcome to your peaceful lakefront retreat! Located in the desirable Forest Lake Estates community, this charming 3-bedroom, 2-bathroom home boasts 1,914 sq ft of comfortable living space and stunning views of a tranquil lake. Built in 1983, the home has been thoughtfully maintained and updated for modern comfort while retaining its Florida charm. Step inside to an open and inviting floor plan where natural light pours through upgraded windows, highlighting the spacious living and dining areas. The kitchen overlooks the lake—perfect for cooking while enjoying the serene water view. The split-bedroom layout provides privacy for the primary suite, which features a walk-in closet and en-suite bath. Two additional bedrooms and a full guest bath - flexibility for family, guests, or a home office. Relax or entertain year-round in the screened-in lanai, offering peaceful lakefront breezes and the perfect spot for morning coffee or evening sunsets. Additional highlights: Two-car attached garage with ample storage space Beautiful lake views from multiple rooms Low-maintenance yard and mature landscaping Convenient location near shopping, dining, parks, and Gulf beaches Enjoy the Florida lifestyle at its best—quiet, comfortable, and close to everything you need. Whether you’re looking for a full-time residence or a seasonal getaway, 7415 Lake Forest Circle is ready to welcome you home. ROOF: 2020 AC: 2015 GARAGE: LESS THAN 2 YEAR OLD ELECTRICAL PANEL: 2020 WINDOWS: 2021 NEST THERMOSTAT NEWER WATER HEATER
Source: STELLAR #TB8442615
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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.
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