7127 Otter Creek Dr, New Port Richey, FL 34655
3 beds · 2 baths · 1,788 sqft sqft
Here's your chance to own a fantastic 3-bedroom, 2-bathroom home with a bonus room and a heated saltwater pool in the desirable TRINITY community—complete with no rear neighbors! This home is designed to impress, featuring a cozy wood-burning fireplace, laminate and tile flooring throughout, and newer carpet in the bedrooms and bonus room. Enjoy the elegance of cathedral ceilings and a modern kitchen equipped with granite countertops, stainless steel appliances, and a new stove with an air fryer. The kitchen also includes plenty of cabinets and a closet pantry. The living room and dining room combo flow into the family/bonus room, which can easily double as a home office thanks to its French doors. The split floor plan provides privacy with the master suite on one side of the home and the other two bedrooms and bath on the opposite side. The spacious master suite boasts a large walk-in closet, newer carpet, and an en-suite bathroom, also with French doors leading to the bonus room. The updated guest bedrooms and bathroom offer ample space, and outside, you’ll find your personal oasis. Enjoy the privacy of no rear neighbors and a serene creek while lounging by the heated pool with paver decking, dual waterfall features, spa seating, and a brand-new motor. The covered lanai is perfect for family gatherings, and the pavered grilling area adds convenience. Recent updates include a new roof (2019), HVAC compressor (2017), updated flooring, and a newly remodeled guest bathroom. The hurricane-grade windows come with a warranty. This move-in-ready home is located in the sought-after TRINITY community, close to the Pinellas line, Tampa, "A" rated schools, medical centers, shopping, and dining. Plus, you're just minutes from Tarpon Springs and Clearwater Beach. No flood zone, no CDD fee, low HOA, and a sprinkler system that runs from the canal! If you're searching for the perfect Trinity home with a heated saltwater pool and no rear neighbors, this is it. Act quickly—this home won’t last!
Source: STELLAR #t3550311
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3550311
Source: Public records
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: #t3550311
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