7827 STARFIRE WAY, New Port Richey, FL 34654
**MOTIVATED SELLER. BRING ON ALL OFFERS!** This home-sweet-home is under an ASSUMABLE VA LOAN at 3% - consult with your lender about assuming this home mortgage loan at just 3% interest rate. •Custom built SALTWATER POOL home located in the highly sought after community of Rosewood in Florida's New Port Richey, Pasco County. •NON-FLOOD Zone, LOW monthly HOA fees of just $42 and LOW PROPERTY TAXES in comparison to others, make this home-sweet-home HIGHLY ELIGIBLE FOR MANY FUTURE HOMEOWNERS. This impressive home comes fully equipped with the following beneficial features and ready for your immediate move-in: •A newly installed shingle roof in 2020. •Brand new stainless steel kitchen appliances: refrigerator, mounted microwave, dishwasher, electric stove with oven. •An inside utility room ready with washer and dryer hook-ups and storage cabinets. •New fresh interior paint throughout the home. •The family room includes beautiful tall windows and a wood-burning fireplace for those colder nights. •Not only is there a family room and a dining nook with sliders leading to the pool and backyard, but there is also a separate formal dining area, aside from the formal living room area that also comes with glass sliders leading to the backyard and pool area. •Retreat to your master where you will find peace and serenity along with your own private bathroom which includes a separate water closet, walk-in shower, garden tub with jets, dual sink vanity, and an oversized ample walk-in closet. •Ready to chill by the pool? Dip right into your saltwater pool. •And if you just feel like relaxing by the pool, you’ll greatly appreciate that the lanai is naturally shaded all day long. •The elegant elevation and the tastefully manicured landscape make this home a must see in person to appreciate all of the wonderful benefits it has to offer its future proud homeowner. Florida's real estate market is on a continuous upswing and properties such as this one are a dream for many. So don't miss out and schedule your showing today of this fabulous home-sweet-home in the highly sought-after community of Rosewood located only minutes from NEW CHARTER SCHOOLS, commerce, and public transportation!
You may be able to put down less than the total down payment amount of $229,895 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: #t3541198