4304 STONES RIVER CT, New Port Richey, FL 34653
***PRICE IMPROVEMENT, SELLER MOTIVATED, BRING ALL OFFERS *** Must See! This immaculate well-kept home is Located in Isle located in Summer Lakes. The owner keeps this home looking like an amazing designer house. It is 3-bedroom 2-bathroom 2-car garage split floor plan home with a spacious open floor concept with high cathedral ceiling and nice back yard. The primary suite is at the rear of home for extra privacy and has sliding doors exiting at the back patio. Owners will enjoy a large bedroom with a nice oversized tub with separate walk in shower and split from the rest of the bedrooms. Second bath is large and has a tub/shower combo and is conveniently located to the main part of the house. The 3rd bedroom is roomy and can serve as a study or game room for gaming and or remote office work. The kitchen has a spacious open-floor with a pantry and a washer dryer closet for easy monitoring of laundry. The separate dining room is large enough for a large dining room table for hosting dinner parties and it overlooks the fenced backyard and covered patio with conservation views for relaxing evenings. Home has an alarm system and an epoxy floor in the garage helping to keep it clean and immaculate just like the inside of the house. There is vinyl fencing in the back that gives extra added privacy yet does not obscure the beautiful view of afternoon sunsets.
You may be able to put down less than the total down payment amount of $52,202 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: #t3528338