7641 CYPRESS WALK DR, New Port Richey, FL 34655
Welcome to Trinity Woods, where the "Elston" model offers you the luxury of a newly built home without the extra costs from the builder! As you step inside, you'll be welcomed by a spacious foyer and elegant 18"x18" gray ceramic tile flooring that extends throughout the first floor. The open floor plan centers around an inviting grand room, perfect for relaxing or entertaining. The dining area is generously sized, making it ideal for large gatherings. The kitchen is a chef's dream, showcasing upgraded level 3 granite countertops, a 33" undermount Kohler granite composite sink with updated faucet, and a substantial kitchen island with seating. Shaker-style cabinetry with modern hardware, stainless steel appliances, and a walk-in pantry complete this fantastic space. The first floor also includes a convenient half bathroom for your guests' comfort, additional storage closets, and sliding glass doors that open to your private backyard oasis. Enjoy tranquility and privacy on your conservation lot with no rear neighbors, and entertain guests in style within your vinyl-fenced backyard. Upstairs, the primary suite awaits: spacious enough to accommodate any size of furniture and a large walk-in closet. The primary's En-Suite offers dual vanities, walk-in shower, separate toilet room, and linen closet. Complementing the second floor, you have three sizable bedrooms, a versatile loft area (currently used as an office), a guest bathroom with dual vanities, more storage closets, and a laundry room with a full-size washer and dryer included for your convenience. Trinity Woods, a community of 75 single-family homes developed by DR Horton, is renowned for its friendly atmosphere and vibrant community spirit. Enjoy celebrations and festivities in this welcoming neighborhood. For financing, take advantage of the Assumable FHA loan with a very low interest rate already in place. Don’t miss out—schedule your private tour today!
You may be able to put down less than the total down payment amount of $91,868 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: #u8255805