11413 Possum Trl, Port Richey, FL 34668
3 beds · 2 baths · 1,563 sqft
Welcome to this charming 3-bedroom, 2-bathroom home offering a perfect blend of comfort, convenience, and style. Nestled on a large corner lot, this well-maintained property boasts 1,563 square feet of living space, with a thoughtfully designed split floor plan that ensures privacy and functionality for all. As you step inside, you'll immediately appreciate the open and airy feel of the living and dining areas, which flow seamlessly into the updated kitchen. The kitchen is a true standout, featuring sleek granite countertops, modern cabinetry, and an open layout that allows you to stay connected with family and guests in the spacious great room. The generous great room offers plenty of space for relaxation and entertainment, with sliding glass doors leading out to a delightful Florida room, creating an ideal indoor/outdoor living experience. The large master bedroom is a peaceful retreat, complete with its own private bathroom and a set of sliding doors that open directly onto the Florida room, allowing natural light to flood the space. The split floor plan ensures privacy for all members of the household, with two additional well-sized bedrooms and a full bathroom located on the opposite side of the home. Step outside to the fenced-in yard, perfect for enjoying the outdoors in peace and privacy. With a 2-car garage and ample space for parking, this home truly has it all. Don’t miss out on this fantastic opportunity to own a beautifully updated home in a sought-after neighborhood. Schedule your private showing today!
Source: STELLAR #w7870836
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #w7870836
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: #w7870836
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.