5433 Palmetto Rd, New Port Richey, FL 34652
3 beds · 2 baths · 1,456 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Come see this three bedroom, two bathroom, two car garage home in Jasmine Point Estates in New Port Richey today! Upon entry you will notice the luxury vinyl flooring (throughout), coastal design colors and theme with tons of natural light. This home has been recently renovated and is move in ready. The spacious living room opens up to the kitchen and dining room. The updated kitchen features light shaker style cabinetry, granite countertops, LED lighting, subway tiled custom backsplash and stainless steel (gas range) appliances. The primary bedroom includes a walk in cedar lined closet and en suite bathroom. The bathroom is light and airy with a dual sink vanity, granite countertops, newer lighting and jetted tub and shower. Two secondary bedrooms and a guest/secondary full bathroom are close by with ample space for storage and furniture. The oversized screened in, lanai accessible via the kitchen and is the perfect spot to relax, entertain and dine al fresco. The screens have been recently replaced (2022) and the pavers allow for a low maintenance secondary living/dining/entertaining space. The fully fenced backyard includes a small firepit, shed (with electricity) for lawn equipment/tools and a small parking pad suitable for recreational "toys"). The private backyard is a great spot to garden and enjoy the Florida sunshine. Recent updates include a newer roof (2020), gas tankless water heater (2021), windows (2021) and kitchen and bathroom renovations in 2021. Jasmine Estates (no HOA or CDD fees) is close to shopping, beaches, state parks and reserves and local entertainment. Easy access to US19 makes it convenient to nearby cities and attractions. The region boasts professional championship sports teams, award wining beaches, state of the art hospitals, universities and year round outdoor activities. The Florida lifestyle can be yours, reach out for a private showing today!
Source: STELLAR #TB8363492
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 #TB8363492
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 of Equal Opportunity Act.