7203 HUMMINGBIRD LN, New Port Richey, FL 34655
Welcome to your dream home at 7203 Hummingbird Ln, New Port Richey, FL 34655! This stunning 3-bedroom, 2-bathroom Water View POOL home in the desirable Natures Hideaway subdivision offers 1,530 square feet of beautifully remodeled living space. Built in 1987, this home is move-in ready with modern updates including a brand new AC (2022), fresh interior and exterior paint, sleek quartz countertops, new appliances, and luxurious LVP flooring throughout. You'll love the spacious 2-car garage and the peace of mind provided by the newer water heater (2012). Located just a few miles from the famous Tarpon Springs Sponge Docks, you'll have easy access to some of the area's best shopping, dining, and entertainment. Outdoor enthusiasts will appreciate the close proximity to Fred Howard Park, complete with a beach, pavilions, playgrounds, and more. Explore the natural beauty of Anclote Key Preserve State Park and Anclote River Park, both offering boat ramps and pristine beaches. Plus, you're just a short drive away from Honeymoon Island, Caladesi Island, and the award-winning Clearwater Beach, ranked the #1 beach in the country. Don't miss your chance to own this exquisite, fully remodeled home in one of the most sought-after locations in New Port Richey!
You may be able to put down less than the total down payment amount of $225,286 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #t3550076