6335 Cardinal Crest Dr, New Port Richey, FL 34655
4 beds · 3 baths · 2,226 sqft
Welcome to exquisite retirement living! 2002 Built Block Single Family House at the great location of Timber Greens! 55+ Gated Community. This lovely home has 4 Bedrooms, 3 full baths with one closest to the pool area on the back of the house. The backyard oasis with heated pool, spa, bird cage screen, covered lanai and large deck just so you can grill and/or enjoy the Florida sunshine! No rear neighbors! The interior space is suitable for entertaining. As you enter the house, you have the formal dining area and the formal living room with sliders leading to the back lanai. Beyond, you will see the spacious kitchen and the family room with, also, sliders leading to the pool area, raised breakfast bar, island, cabinets crown moulding, stone counter, and pull out shelves. All appliances included and in good condition. Split plan. The owner's suite is just grand. Large bedroom with sliders leading to the pool area, 2 large walk in closets, and ensuite bath. Ensuite bath has separate shower with glass doors, garden tub, dual sinks, soft close cabinets and stone counter, plantation shutters, and more! Both living room/dining room and owner's suite have engineered hardwood floors! The only area that has carpet is the 4th bedroom on the back. All bedrooms, family room and lanai have ceiling fans. The third bathroom is conveniently located on the back so it can be easily accessed from the pool/spa area. Laundry room equipped with both washer, dryer, closet and laundry tub. Both sides of the garage have door openers. Other items you may like such as the Smart Ecobee thermostat, Smart irrigation meter, several Ring Cameras around the house and speakers. Most recent updates: Brand new 2024 Roof, 2018 AC, 2021 A.O. Smith Electric Water Heater, Rainmaker Smart Irrigation controller, and Custom Window Hurricane Shutters. Monthly hoa of $288.25 includes: dues, basic cable and waste. The community is one of the most sought after retirement communities. Community amenities include 18-hole golf course, outstanding clubhouse, pool, hot tub, tennis, pickleball and bocce courts, fitness center, full dining, and bar. The community grounds are great for walking, running or biking. Short trip to Jay B. Starkey Wilderness Park. A definite must see. Arrange your showing today!
Source: STELLAR #W7867236
Financials
Source: Public records
Source: STELLAR #W7867236
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.