5002 Anchor Way, New Port Richey, FL 34652
2 beds · 2 baths · 1,104 sqft
Don't miss this incredible opportunity to personalize a charming waterfront home at Gulf Harbors waterfront community. This house flooded in Helene and immediately the cabinets, appliances, and four feet of drywall were removed, and everything is dry and ready for you to design your dream space while having the perfect waterfront property. Located on a wide canal with a large dock, your boat will be in a protected harbor, yet just minutes to the Gulf of Mexico. The short route to the Gulf is UNOBSTRUCTED BY BRIDGES – so bring your large / tall boats. The backyard of this home has beautiful mature vegetation that withstood both hurricanes and provides lots of protection from the hot sun! Gulf Harbors is more than just a boating and beach neighborhood in New Port Richey; It’s an amazing lifestyle in a friendly community. Bring your golf cart to waterfront restaurants, shopping, and the vibrant downtown New Port Richey Main Street. Join the private Gulf Harbor Beach Club with covered tiki huts, picnic tables, grills, showers, parking, restrooms, 2 boat ramps and yacht club for $200 / year and an optional low annual HOA of just $100- a year. Don't let this amazing opportunity pass you by.
Source: STELLAR #tb8321525
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8321525
Source: Public records
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: #tb8321525
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.