11006 Oyster Bay Cir, New Port Richey, FL 34654
5 beds · 4 baths · 2,635 sqft
This 5/4/3 executive pool home is located in the sought after gated community of Waters Edge. It sits on a premium .23 acre conservation lot backing up to Hidden Lake Preserve. Relish the tranquil nature views of deer, exotic birds & wildlife, and the peace & quiet of NO rear neighbors. Savor your morning coffee and evening glass of wine from the serenity of the rear porch. The home features a bright, open plan with vaulted ceilings, arched doorways, recessed lights, 2-panel doors, maple kitchen cabinets, stainless appliances, and a dual-zone A/C system. The floor plan includes: spacious formal living & dining rooms, kitchen with breakfast nook, family room with decorative fireplace, master suite with bonus sitting room - En-suite bath & double walk-in closets, guest suite with private bath & walk-in closet, 3 additional bedrooms, 2 additional full baths, laundry/utility room, screened porch, and 3-car garage. The large open kitchen and family room lead out to a screened lanai, outdoor patio, pergola, fenced back yard, AND refreshing saltwater pool with spillover fountain & tanning ledge. The abundant indoor and outdoor living spaces make this home PERFECT for entertaining. The home also offers these updates: light fixtures, ceiling fans, quartz counters in kitchen & bathrooms, waterproof laminate flooring in bedrooms & 2nd floor hallway, fresh interior paint, fresh garage floor paint, 2 A/C systems (2017), PLUS a newer concrete pool (2022)! Enjoy resort style living at Waters Edge! It is a gated community that includes the following amenities: modern lakefront clubhouse with welcoming entry area, media room, fitness center, game room, social gathering hall, kitchen, tropical pool with sunning area, splash pad, basketball court, playground, fishing pier, and a spring fed lake with private boat ramp. Community is ideally located near countless restaurants, shopping hubs and major thoroughfares leading to Pinellas & Hillsborough counties. This is a MUST SEE for buyers seeking an affordable, move-in ready, pool home in a secluded neighborhood off the beaten path, yet near everything!
Source: STELLAR #tb8304374
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8304374
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #tb8304374
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.