5903 Cachette De Riviera Ct, New Port Richey, FL 34655
4 beds · 3 baths · 2,787 sqft
HIGH & DRY, GULF ACCESS!! This stunning waterfront pool home is nestled on a cul-de-sac with over half an acre of beautifully manicured landscape. Located in the exclusive and very private gated community of Riviera, your slice of paradise awaits! The home boasts not one but TWO composite docks where you can enjoy breathtaking views of the Anclote River and incredible sunsets. The 8000 lb covered lift is ready to launch your boat to the world-famous Tarpon Springs sponge docks which are just a short boat ride away with several waterfront restaurants. The large kitchen island with high end appliances and the fully screened lanai will make entertaining a breeze. This single-story home has a split layout for added privacy. The master suite features his and hers walk-in closets and a spacious en-suite bath. There are three additional generous bedrooms. There are too many extras to list--just to name a few there is a heated pool, whole house generator, water purifier, a well for irrigation, and a wood burning fireplace in the large family room. There is an outdoor kitchen with BBQ, smoker/pizza oven built in 2023. Enjoy the cooler evenings in the hot-tub instaled in 2023. You can enjoy watching a great variety of wildlife either from your private dock or the community dock. Manatees, dolfins,matarays,falcons,hawks and eagles are just few examples of the wild life that you can find right in your backyard.You can also enjoy fishing from your own dock. The community also provides a private boat ramp for the homeowners use.Zoned for excellent schools: Trinity Oaks Elementary, Seven Springs Middle, &Mitchell HS. Close to shopping, beaches, and the Tampa airport is only 45 minutes away. The home has endured major hurricanes over the last two years with absolutely no flooding nor damage. Schedule a private showing today and make this your new HOME!
Source: STELLAR #L4951427
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #L4951427
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.
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.