8130 Merrimac Dr, Port Richey, FL 34668
2 beds · 2 baths · 1,470 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Live the Florida lifestyle in the 55+ Active Living community of Timber Oaks where you can enjoy fabulous amenities such as a Resort Style Pool and lively Clubhouse situated on the banks of a scenic lake, Tennis, Pickle Ball and a multitude of Clubs and Activities – all for an unbelievable cost of $50 per month! This prime location is within minutes of US-19, convenient Commuter Routes, vibrant Retail and Dining, top Medical Facilities, countless Activity, Entertainment and Cultural Venues as well as Parks and beautiful Coastal waters, however it is NOT in Flood nor Evacuation Zones! LOADED with upgrades, this fantastic home is sure to impress! The spacious and flexible floorplan can accommodate all your needs! The covered Entry leads you into a large Living Room accented by a cozy Bay Window alcove with Bench Seating and Built-In Storage. Too many Cooks in the Kitchen? Ample counterspace means there is room for everyone! Featuring Quartz Countertops, Soft-Close Solid Wood Cabinetry, a Tiled Backsplash, large Closet Pantry, upgraded Appliances and Café Dining, the Kitchen is the heart of this home! Love to Entertain? From Formal Dinners to friendly get-togethers, the traditional Dining Room is the perfect spot! Boasting a warm and inviting Brick-faced Wood Burning Fireplace, the Family Room will be the gathering spot for Family and Friends! The Primary Bedroom offers an en suite Bathroom with a custom Walk-in Shower in addition to a generously sized Walk-in Closet! The oversized Secondary Bedroom is situated for privacy and includes a sizable Walk-in Closet – a welcoming retreat for Guests! The indoor Laundry Suite includes an abundance of storage and as well as a handy Utility Sink! The Garage is equipped with a Sliding Screen Door – ideal for the Hobbyist who enjoys tinkering! Outdoor Living is comprised of a relaxing All-weather SunRoom in addition to an Open-air Patio/Lounging area with a retractable Privacy Screen and great treed views. The extensive list of updates include: Hurricane rated sound Proofing Windows throughout; Hurricane rated Exterior Doors and Garage Door; Flooring; Lighting/Ceiling Fans; Kitchen Cabinetry, Countertops and Appliances; Both Bathrooms completely remodeled; Interior/Exterior Paint; Blinds/WindowTreatments; Gutters; AC Ductwork and Vents; Spanish Laced Ceilings; Baseboards; Water Filtration and Water Softener…..and SO MUCH MORE! And the Cherry on Top? The home includes a Generac Portable Generator with built-in exterior Pro/Tran and auxiliary Breaker Box allowing you to weather any storm with minimal inconvenience! You don’t want to miss this incredible home!
Source: STELLAR #TB8340494
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #TB8340494
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.