8427 Moulton Dr, Port Richey, FL 34668
2 beds · 1 baths · 884 sqft
One or more photo(s) has been virtually staged. Welcome home to this 2 Bedroom, 1 Bath, Bonus room, 1 car garage MOVE IN READY HOME! As you walk up to the home, you will 1st notice the welcoming front porch. When you enter the home, you will love the open floor plan with an open view of the Livingroom, Dining space, Kitchen and Bonus room all the way out to the backyard. The updated Kitchen has Stainless Steel appliances and Granite countertops. A step or two around the corner of the Kitchen, you will find the light and bright Bonus room which could be used as a playroom, office, workout area, 2nd living space or maybe even a dining space for a large dining table. Outside of the bonus room through the sliding doors is a small fenced area perfect for that 4 legged family member. The spacious backyard has so many possibilities and is a blank slate: add a pool, patio, pergola, outdoor grilling area and with some existing fencing, it would be very easy to fence the entire yard. To the right of the living room are 2 bedrooms, an updated bath and a linen closet. Features: New interior paint, updated Kitchen, updated Baths, Wood Laminate Flooring, ROOF 2019, A/C 2014, HWH 2010, Windows in front of the house, Front door and Side Garage door were replaced in 2019. No HOA, No CDD, Flood Zone X! Convenient to major shopping and dining. Approx. distance to areas of interest: 40 min to Tampa Airport, 40 minutes to the Beach, 15 minutes to Downtown New Port Richey where you can enjoy restaurants, shopping and festivals.
Source: STELLAR #tb8323385
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8323385
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: #tb8323385
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.