3957 HANOVER DR, New Port Richey, FL 34653
Welcome to this stunning 6-bedroom, 3-bathroom home where modern elegance meets comfort. Nestled in a tranquil and friendly neighborhood, this residence is perfectly situated close to parks, schools, and local amenities, offering the ideal blend of convenience and serenity. Step inside to discover an expansive open concept living, dining, and kitchen area that is the heart of the home. The beautifully upgraded kitchen features top-of-the-line appliances, sleek Corian countertops, a large island and ample storage, making it a culinary enthusiast's dream. The seamless flow into the spacious dining area and cozy family room creates an inviting space perfect for entertaining and family gatherings. The serene master bedroom serves as a perfect retreat, featuring ample space and privacy, a walk-in closet and an ensuite bathroom. The additional five bedrooms provide limitless possibilities for guests, home office, or hobby room. The three bathrooms are beautifully designed and equipped with modern fixtures, providing a touch of luxury and practicality. Step outside to discover a charming backyard oasis, featuring a beautiful pergola that provides a shaded area for relaxation and outdoor entertaining This backyard is ideal for hosting barbecues, enjoying morning coffee, or simply unwinding in a serene outdoor setting. Additionally, the neighborhood itself is filled with sidewalks, a playground, and a community pool, creating an inviting atmosphere for everyone to connect. Don't miss out on the opportunity to call this beautiful property your own and create lasting memories in a place you can truly call home.
You may be able to put down less than the total down payment amount of $78,856 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: #u8252368