5353 Riverwalk Preserve Dr, New Port Richey, FL 34653
3 beds · 3 baths · 2,153 sqft sqft
No damage from the hurricanes! Welcome to this beautiful, newly built townhome in the quaint community of Riverwalk Preserve! Entering the home and walking through the foyer you will see the modern barn door that leads to the spacious bonus room. Neighboring the bonus room is a half bath. The main floor is lined with wood-look tile that is incredibly durable and easy to clean. Passing through the foyer, is the open concept living space that is the kitchen/dining/living room combo. The kitchen has beautiful granite countertops and timeless white cabinets accompanied with neutral gray cabinets in the island. In addition is a spacious pantry and built in wine rack. The living room has a chic shiplap accent wall with built-in electric fireplace. Upstairs is a spacious loft and laundry room with countertop space and ample cabinets. All three of the generous sized bedrooms are upstairs along with both full sized bathrooms. For those hot summer days, simply walk downstairs, through the hurricane rated sliding glass door and beyond the brick paved back porch is the sand pit and community pool/spa. Riverwalk Preserve is a great community with walking trails along the Cotee River, a launching dock, sand pit, community pool and hot tub with outdoor kitchen space. It is located between 54 and Little road so you are never far from many great shops, restaurants, and bars. A stunning home in a great location, truly the best of both worlds. Seller job relocation creates opportunity for you! Schedule your private showing today!!
Source: STELLAR #o6246801
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6246801
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: #o6246801
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.