6100 Apple Snail Ave, New Port Richey, FL 34653
4 beds · 3 baths · 1,870 sqft
Under contract-accepting backup offers. ASSUMMABLE FHA MORTGAGE 3.545% INTEREST RATE WITH PAYOFF AROUND $310,000. Welcome to this newly built 2022 home with 220 plug in the garage for electric vehicles. The yard is fully fenced in and large enough to fit a pool and still have plenty of grass left over. Stepping into the front door, you're greeted with the warmth of the new LVP flooring and neutral walls. Conveniently located on the first floor is a powder room just before entering the open concept living space downstairs. The shiplap fireplace feature and mantle is a showstopping upgrade and truly compliments the black hardware seen throughout the home, as well as the deep sink in the kitchen. Other upgrades include the glass tile back splash, granite countertops, trendy light fixtures, and pavers in the backyard. Upstairs has a loft/bonus room/flex space that can be used for an office, playroom, secondary tv room, etc.. The master bedroom is spacious with an ensuite bathroom. The upgraded glass shower wall really compliments the new hardware and makes the bathroom feel open and spacious. The walk-in closet is large and has plenty of room to add more shelving if desired. The laundry room was placed in a great location upstairs between the 3 guest bedrooms, so laundry days are less daunting. Copperspring is located centrally and near grocery stores, restaurants, and shopping. Under 40 minutes to TIA and less than 1 hour to Clearwater Beach.
Source: STELLAR #w7864172
Source: STELLAR #w7864172
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.
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.
MLS ID: #w7864172
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.