5725 THRUSH DR, New Port Richey, FL 34652
Welcome to your dream home in the desirable Colonial Hills of New Port Richey, Florida! This stunning 1,405 sqft, 2-bedroom, 2-bathroom residence offers the perfect blend of modern luxury and cozy comfort. Step inside to an open floor plan that’s perfect for entertaining, featuring a custom bar complete with LED lighting, a built-in kegerator, and a drink refrigerator. Enjoy the beauty and durability of new LVP flooring throughout the home, along with recently updated, modern bathrooms. Both bedrooms are generously sized, providing ample space for relaxation. Savor your morning coffee or evening sunsets on either the front or rear porch, and enjoy the privacy of a fenced backyard. The over-sized garage offers plenty of storage and workspace. Major updates include a roof installed in 2017, and all windows have been upgraded to impact-resistant for added peace of mind. Conveniently situated just a few blocks from State Rd 54, you’ll find getting around the Tampa Bay area a breeze. This affordable gem is truly one of a kind and won't last long at this price. Don’t miss your chance to own this exceptional home—schedule your showing today before it's gone!
You may be able to put down less than the total down payment amount of $103,069 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: #w7868412