5748 Massachusetts Ave, New Port Richey, FL 34652
3 beds · 3 baths · 1,665 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Charming, one of a kind, 3-Bedroom Home with Ample Parking and just steps to Cotee River and Downtown New Port Richey! Welcome to this inviting 3 -bedroom, 2.5-bathroom home, built in 2005, featuring a two -car garage plus an additional 18x35 industrial steel garage with 12 foot roll up doors, perfect for extra storage or workspace. There are 2 separate entrances for parking and has plenty of room for your RV, Boat, extra vehicles and toys. The possibilities are endless. Situated on nearly a quarter acre, this home boasts wood floors throughout, with tile in the kitchen and bathrooms for easy maintenance and 3 fireplaces that add to the cozy feel. There is conveniently a washer and dryer on each floor that makes laundry a breeze. Enjoy the outdoors with both front and back porches, a fully fenced yard, and stunning oak trees that provide shade and charm. The home faces a charming alleyway adding to the peaceful privacy and has hurricane shutters for every window and door for added protection. Inside you will find spacious bedrooms, beautifully designed bathrooms, and a stylish kitchen. The home's prime location near Sims Park in downtown New Port Richey offers easy access to community events, concerts, festivals like the Chasco Fiesta, and a vibrant nightlife scene. Sims Park features a gym, splash pad, playground, and a scenic lake in front of the historic Hacienda Hotel. For those who love staying active, the New Port Richey Recreation and Aquatic Center is just minutes away! This top notch facility offers four pools, s thrilling water slide, diving boards, and indoor basketball court, a fully equipped gym, a skate park, and outdoor basketball and tennis courts - providing endless fun and fitness for all ages! Don't miss this opportunity to own a home in a thriving popular community! Schedule your showing today!
Source: STELLAR #W7872747
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 #W7872747
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.