7827 Starfire Way, New Port Richey, FL 34654
3 beds · 2 baths · 2,042 sqft
According to analysts, there will be a 4% increase in home prices by 2025... and with dropping interest rates, I'd schedule a showing today of this promising property before you tell yourselves, "Shoulda', coulda', woulda'..." The average rate on a 30- and 15-year mortgage is around 6.0% - 6.7%! Maybe you ought to call your lender now because as interest rates drop, the demand for housing will increase... so don't miss out, make the call, and schedule your showing today of this home-sweet-home which is under an ASSUMABLE VA LOAN at 3% (approximate balance $256k) - consult with your lender about assuming this home mortgage loan at just 3% interest rate. About the property: •Located in the highly sought-after community of Rosewood, minutes from NEW CHARTER SCHOOLS, commerce, and public transportation. •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. •Water Softener Treatment. •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. Properties like this are a dream for many, so don't miss out and schedule your showing today!
Source: STELLAR #t3541198
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #t3541198
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: #t3541198
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.