3060 Esplanade Dr, New Port Richey, FL 34655
3 beds · 2 baths · 1,703 sqft
Under contract-accepting backup offers. Welcome to Ellington Place Community! POOL HOME! This home features 3 Bedrooms/2Full Baths/2 Car Garage/1703 Sqft. One-story layout offers a spacious open floor plan to include the living room, dining room, kitchen, snack bar and built in desks, perfect for a work area or study/homework area. Enjoy the view of the patio and pool from the sliders. This home also offers split bedrooms. The owner's suite, located at the back of the home for privacy, offers a customized walk-in closet and ensuite bathroom with double vanity sinks. Bedroom 2 is located near the front of the home and Bedroom 3 is located just beyond the kitchen area. There is a bonus room off of the living room, perfect for an office or an additional bedroom. The kitchen offers new ceramic tile flooring, new cabinets, new countertops and new bar top. The HVAC was replaced in 2022, new windows installed in 2022 except for the sliders and window over the door, new plumbing and new hot water heater. This home is minutes away from Starkey Market, Starkey Wilderness Park & Bike Trail, Trinity Hospital, shopping, restaurants, excellent schools and other services are all within close proximity. Schedule your showing today!
Source: STELLAR #t3532143
Source: STELLAR #t3532143
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: #t3532143