4549 Madison St, New Port Richey, FL 34652
2 beds · 2 baths · 1,300 sqft
100% Financing Available! This beautifully updated home combines modern comforts with timeless charm, making it the perfect retreat for a small family or anyone seeking a low-maintenance lifestyle. Ideally located near shopping, dining, and major travel routes, this property offers unparalleled convenience and appeal. Step inside to discover elegant ceramic tile flooring in the living room and kitchen area and brand new laminate flooring in the bedrooms. The heart of the home is the upgraded kitchen, featuring sleek stainless steel appliances, stunning Quartz countertops, and ample space for meal prep and entertaining. Both bathrooms have been fully renovated, showcasing modern finishes and thoughtful design. Recent upgrades include a newer roof, fresh interior and exterior paint jobs, and energy-efficient LED lighting throughout. The garage has been expertly converted into a spacious office/laundry room, now equipped with a new split-unit air conditioner and newly replaced windows, making it an ideal space for remote work or hobbies. Five additional updated windows enhance the home’s natural light and energy efficiency. The lanai, complete with a nearly new grill, is perfect for hosting outdoor gatherings or enjoying quiet evenings. This home is truly move-in ready, with every detail thoughtfully addressed to provide a cozy and modern living experience. Don’t miss the chance to own this gem! Schedule your showing today and make it yours before it’s gone!
Source: STELLAR #TB8341214
Financials
Source: Public records
Source: STELLAR #TB8341214
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.