8130 Merrimac Dr Port Richey, FL 34668
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About this home
YOUR NEXT CHAPTER STARTS HERE! Welcome Active Living at Timber Oaks, a 55+ community designed for Comfort, Convenience, and Engagement! Residents benefit from Exceptional Amenities including a Resort-style Pool, a spacious Lakefront Clubhouse, Tennis and Pickleball Courts, as well as a wide variety of Clubs and Activities—all for a low monthly fee of $55! The community is ideally located just minutes from US-19, convenient Commuter Routes, vibrant Retail and Dining options, top Medical Facilities, countless Entertainment and Cultural Venues, Parks and beautiful Coastal Waters - and is situated outside Flood and Evacuation zones! This Extensively Upgraded home features a Spacious, Flexible Floorplan suitable for various lifestyles. The Covered Entry opens into an expansive Living Room highlighted by a Bay Window Alcove with Bench Seating and Built-in Storage. The bright and open Kitchen offers Quartz Countertops, Soft-close Solid Wood Cabinetry, a stylish Tiled Backsplash, large Closet Pantry, Upgraded Appliances and a Café Dining area—providing ample space for cooking and entertaining. From Formal Dinners to casual Get-togethers, the adjacent traditional Dining Room is the ideal spot! The Family Room features a Brick-faced Wood-burning Fireplace creating a welcoming space for relaxation. The Primary Bedroom includes an en suite Bathroom with a custom Walk-in Shower and a generously sized Walk-in Closet, while the oversized Secondary Bedroom provides Privacy and Comfortable Accommodations for Guests. The Indoor Laundry Suite offers substantial Storage and a handy Utility Sink. The Garage is equipped with a Sliding Screen door - perfect for Hobbyists. Outdoor living spaces include an All-Weather Sunroom in addition to an Open-air Patio/Lounging area with a Retractable Privacy Screen and stately Treed Views. Recent updates include: Hurricane rated Sound Proofing Windows throughout; Hurricane rated Exterior Doors and Garage Door; Flooring; Lighting/Ceiling Fans; Kitchen Cabinetry, Countertops and Appliances; Both Bathrooms completely remodeled; Interior/Exterior Paint; Blinds/Window Treatments; Gutters; AC Ductwork and Vents; Spanish Laced Ceilings; Baseboards; Water Filtration and Water Softener…..and SO MUCH MORE! And the Cherry on Top? The home includes a Generac Portable Generator with built-in exterior Pro/Tran and auxiliary Breaker Box allowing you to weather any storm with minimal inconvenience! And let’s not forget the NEW ROOF – rain or shine, you’re covered! This fabulous home represents a rare opportunity for refined living in both a vibrant and secure environment!
Source: STELLAR #TB8443837
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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.