3151 Town Ave, New Port Richey, FL 34655
3 beds · 2 baths · 1,475 sqft
ROCK BOTTOM PRICE NOW! Great home, great community and SOLAR PANELS for low or NO cost electricity! Longleaf is an ideal community built with the feel of long ago friendly and neighborly communities. This home has 3 bedrooms, low maintenance laminate floors in most areas, high ceilings and a family oriented floor plan. Located on a corner, and it backs up to a green space, with neighbors on one side. The nice fenced side yard is great for little ones with 2 or 4 legs! The rear entry garage is on a quiet alley with protected access to the home. The solar panels currently produce enough electricity that the tenant reports an average electric bill of around $35 per month! With careful use of power, your bill could be less, perhaps even producing some income. In the event of a power loss, you will still enjoy comfort even if your neighbors are sweltering with no air conditioning or refrigeration. This solar system new would cost many thousands of dollars. This system alone is a fantastic feature. The Longleaf community is near schools, has several parks, and other recreational facilities. One tour through this community will convince you that you want to live here. Hurricane shutters for security and insurance savings as well. All dimensions are approximate and buyers should verify all details important to them Sold " as is" for the convenience of the seller. A new owner could rent the home with a minimum lease of 6 months. All rules and restrictions should be verified with the HOA. Solar panels to be paid off at closing.
Source: STELLAR #u8242404
Source: STELLAR #u8242404
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: #u8242404
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.