4240 Woodsville Dr, New Port Richey, FL 34652
2 beds · 2 baths · 1,289 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Opportunity Awaits! This well-maintained home in Beacon Square offers a fantastic opportunity as your primary residence, vacation home, or a smart addition to your investment portfolio. The home sustained no damage or flooding during the 2024 hurricane season and comes with an assumable FEMA flood insurance policy. A new roof will be installed before closing, and additional updates include regularly serviced A/C (2016) and a new hot water heater (2023). From the striking curb appeal-with archways, stone accents, manicured landscaping, and a tile walkway-to the bright, open interior with oversized windows and sliding glass doors, this home is designed for comfort and charm. Enjoy an updated kitchen with granite countertops, stainless steel appliances, and a breakfast bar peninsula, all opening to the spacious screened lanai, which overlooks a beautifully designed, private backyard. The fully fenced backyard feels like a peaceful retreat, complete with paver walkways, shaded seating areas, a swing, a serene stone waterfall, and two storage sheds. The spacious primary suite offers direct lanai access, a walk-in closet, and an updated bath. The second bedroom also includes a walk-in closet, providing ample storage for guests or family. Plus, the versatile flex room can easily serve as a 3rd bedroom or home office. For added peace of mind, custom Storm Buster polycarbonate hurricane shutters are included and can be easily installed. No HOA or COD fees! Conveniently located near beaches, parks, shopping, restaurants, entertainment, schools, and hospitals along the Gulf Coast. Call TODAY to schedule your private showing!
Source: STELLAR #TB8370854
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #TB8370854
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.