6227 12th Ave, New Port Richey, FL 34653
4 beds · 2 baths · 1,911 sqft
Under contract-accepting backup offers. MULTIPLE OFFERS! PLEASE SUBMIT OFFERS BEFORE 6PM TONIGHT APRIL 7 ****Don't miss this COMPLETELY REMODELED block home in a NO FLOOD ZONE with NO HOA! 4 spacious bedrooms plus a bonus flex space, 2 beautiful updated bathrooms with new vanities and new tile! The pride in quality workmanship in this renovation is to be admired. You'll appreciate the new kitchen with stylish backsplash, new stainless steel appliances, lots of new cabinets, a large island with storage and new granite countertops! NEW ROOF, NEW AC, NEW GARAGE DOORS, NEW WATER HEATER, and new luxury plank flooring throughout the home. No details were spared including new ceiling fans, paint, and lighting throughout. The extra large primary bedroom has a private exit door leading to a paved patio with fire pit and room for a hot tub. The Primary also boasts a connected office, walk in closet and en suite bath. The spacious yard is fenced and freshly landscaped. The extra large garage and extra wide driveway allow for parking for at least 6 cars! Just a golf cart ride away from downtown New Port Richey. Centrally located to waterfront dining, shopping, golfing, fishing, breweries, entertainment, marinas, beaches, Tarpon Springs Sponge Docks, state parks, and so much more. Only 32 miles to the Tampa Airport. Schedule your showing before it's gone!
Source: STELLAR #TB8368065
Source: STELLAR #TB8368065
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “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.
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 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.