2330 TARRAGON LN, New Port Richey, FL 34655
PERFECT location! WATER VIEW - BOAT RAMP - LOW HOA fees - NO CDD - NO FLOOD insurance required! ** This 5bed/3baths/3 car-garage home sits in Magnolia Estates, a prestigious GATED community nestled in the highly coveted Trinity area, centrally located near the Pasco/Pinellas/Hillsborough lines making all of Tampa Bay but a short ride in any direction. ** Never worry about rear neighbors! Enjoy the beautiful views of a tranquil pond. ** Love cooking and family time? This kitchen is perfect for entertaining and family time! Lots of counter space and plenty of cabinets for all your cookware! CUSTOM WOOD CABINETRY, GRANITE countertops. Central kitchen/family room gathering area, separate formal living and dining rooms, inside utility room, plant shelves, recessed lighting, art niches, natural light and glass sliding doors to the lanai. ** The oversized master bedroom has tons of natural light, a glass sliding door to the gorgeous water view, and two walk-in closets. The master bath has dual vanities, and a gorgeous garden tub. **The community offers a private boat ramp with direct access to the Anclote River and Gulf waters. Bring your toys: boats, kayaks and fishing tackle! Enjoy a fenced playground, boat ramp, and festive events like professional fireworks displays and Christmas parties! ** Location: Zoned for A TOP-RATED schools, Seven Springs Middle and JW Mitchell. Close to abundant shopping, restaurants, YMCA, medical care, cultural events, and more! Located only 45 minutes from award-winning Clearwater Beach! Ideally situated just 35 minutes from Tampa International Airport and Tampa amenities including Strasz Theater, numerous restaurants, International Plaza and Bay Street and popular Tampa Riverwalk. ** The flooring in the living room is being replaced **
You may be able to put down less than the total down payment amount of $295,688 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #tb8300889