5531 WHITE MARLIN CT, New Port Richey, FL 34652
Highly motivated sellers! Seller's concessions are being offered! A well maintained 2-bedroom 2.5 bath townhome offers 1542 sf of living space. Enjoy the perks of living in this maintenance free gated community! The ground level includes an oversized garage, screened lanai/bonus space and a private fenced patio with beautiful pavers which is perfect for entertaining or relaxing! The 2nd floor offers the kitchen which has granite counter tops, solid wood cabinets, 2 closet pantries, a kitchen island and breakfast bar. In addition, a dining area, spacious living room and balcony. The third level offers the primary suite with a large walk-in closet. The primary bathroom offers a solid wood vanity with granite counter tops and double sinks along with a beautiful, tiled walk-in shower. The second bedroom is spacious with a generous sized closet. The laundry room is located on the third level for your convenience. This home also includes upgraded ceiling fans and fixtures throughout. The 3rd floor elevator shaft is currently being used as an office. The home also has a BRAND-NEW Fridge, AC unit, Fixtures and Paint. This home was built by Ryland Home Builders and includes an Elevator shaft to add your own private elevator if desired. Your monthly HOA fee covers basic cable, trash removal, ground maintenance, building exterior, Escrow Reserve Fund, 2 pools, a fitness center and your membership to the private beach at Gulf Harbors Beach Club with cabanas, showers, & beautiful sunsets! This home is completely move-in ready!
You may be able to put down less than the total down payment amount of $89,193 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: #w7861601