5524 WAHOO CT, New Port Richey, FL 34652
Price Reduction + the seller is offering $5,000 towards the closing costs for qualified buyers!!! Welcome Home to a brand-new, built in 2022 townhouse at the Sea Forest Beach Club, where residents enjoy free access to the private Gulf Harbor Beach Club. This 3-bedroom, 2.5-bathroom townhome boasts over 2,500 square feet across 3 levels. The top floor hosts two master suites with ensuite bathrooms and walk-in closets. The second floor features an open floor with spacious living/dining room, a kitchen with breakfast bar and pantry, a half-bath, and a versatile guest bedroom that could double as a home office. All kitchen and bathroom cabinets have soft-close functionality. Quartz countertops in the kitchen and and bathrooms, as well stainlesss appliances add quality to this brand new home. The homeowner can control the thermostat, lock/unlock the front doors, garage door opener as well as access the entry and pool gate via apps on their phone. The 853-square-foot ground floor includes a 1-car garage, foyer, patio, and ample storage for bikes, beach gear, and more - eliminating the need for off-site storage. The fenced backyard provides room for gardening, grilling, and outdoor relaxation. The townhome even has a built-in elevator shaft for future installation. A low $265 HOA fee covers grounds/exterior maintenance, community pool, fitness center, WiFi, basic cable, and trash - plus exclusive access to the private Gulf Harbor Beach Club, complete with picnic areas, grills, bathrooms, and free parking to enjoy stunning sunsets. This prime location is close to the Tarpon Springs sponge docks, Howard Park beach, and downtown New Port Richey's shops and restaurants. The current owner has FHA financing at 3.75% which is assumable. Take a walk through this property via this link:https://www.youtube.com/embed/UcrKDrBI7iE?si=C3rhfNpD7s4syZYP
You may be able to put down less than the total down payment amount of $102,363 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: #u8246042