7723 Mitchell Ranch Rd, New Port Richey, FL 34655
2 beds · 1 baths · 858 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Under contract-accepting backup offers. Welcome to this beautifully updated 2-bedroom, 1-bathroom smart home that perfectly blends comfort, style, and efficiency. With optional furnishings, this move-in ready gem boasts an updated kitchen featuring stainless steel appliances, a convection oven, and sleek quartz countertops—ideal for home chefs and entertainers alike. Step outside and enjoy Florida living with both a screened-in front porch and a screened rear patio, each featuring durable epoxy floors. The oversized, fenced backyard offers privacy and ample space for pets, gardening, or future outdoor projects. This home is not just stylish—it's smart and sustainable. Equipped with solar panels (installed in 2021), a new roof (2020), and a new AC system (2021), your energy efficiency is maximized. Plus, the garage door was replaced in 2023, adding to the home's modern curb appeal. Whether you're looking for a first home, downsizing, or investing, this property is a must-see.
Source: STELLAR #TB8373307
Source: STELLAR #TB8373307
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.
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.
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.
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.
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 and Equal Opportunity Act.