5537 Wellfield Rd, New Port Richey, FL 34655
4 beds · 3 baths · 2,075 sqft sqft
Do not miss this fully updated pool home in the Southern Oaks community! This home features an amazing 3-way split floorplan with 4 bedrooms and 3 full bathrooms on nearly a quarter acre lot. It features a multitude of recent upgrades including new in 2023 AC unit, new luxury vinyl flooring throughout, all new fixtures, lighting, fans, and all interior and exterior paint. Upon entering the home, you will notice the tall, freshly refinished ceilings that give this home an extra airy feeling. The brand-new kitchen features real wood soft close cabinetry, quartz countertops, and all new stainless-steel appliances. All three bathrooms have been fully updated with new cabinetry, lighting, mirrors, and fixtures. Your large master bedroom features his and hers walk-in closets and dual vanities in the master bath with direct access to your patio and pool. Two of the three secondary bedrooms feature walk-in closets. Your guests will love that there is a private bedroom and full bath in the rear of the home with a hallway with direct access to your patio and pool and indoor laundry room with utility sink and cabinetry. Your tall ceilings continue into your large 2 car garage with split doors and ceiling storage racks. Your beautiful backyard features a fully screened pool and patio with three entrances to the house. Beyond your patio is your fully fenced, newly resodded, large backyard featuring plenty of room for your pets and outdoor toys. There is NO CDD fee and low HOA. This home is in the Longleaf Elementary zone and is centrally located in the heart of West Pasco County, close to everything the Trinity area and Downtown New Port Richey have to offer.
Source: STELLAR #w7868281
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #w7868281
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.
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: #w7868281