8700 Ross Ln, New Port Richey, FL 34654
4 beds · 3 baths · 2,300 sqft
Welcome to Your Dream Home, move in ready! Motivated seller looking for offers. This house is turnkey and ready for new owners. Tucked away in a serene neighborhood, this stunning four-bedroom, three-bathroom two-story home sits on a spacious 5-acre lot, offering the perfect blend of modern luxury and comfort. From the moment you drive down the long, private driveway, you'll appreciate the peaceful surroundings that lead you to your new home. Step onto the charming front porch and enter a bright, open-concept living area. The elegant spaces are filled with natural light thanks to large windows, creating an inviting atmosphere perfect for entertaining. A cozy fireplace in the dining room, ceramic tile floors throughout the first floor, and beautiful finishes throughout make this home a true gem. The chef-inspired kitchen is equipped with stainless steel appliances, sleek countertops, and abundant cabinet space, making it ideal for preparing gourmet meals. Step outside to a private backyard oasis, where you can relax on the 540-square-foot screened-in porch, overlooking your tranquil conservation area. The luxurious master suite serves as your private retreat. Featuring a spacious walk-in closet and a spa-like en-suite bathroom with a large shower, and a dressing area, this space offers comfort and convenience. The master suite also boasts a private balcony with scenic views of the conservation area. Attached to the master suite is an additional room that could be used as a nursery, a sitting room, or even a guest 3rd bedroom. The second bedroom is generously sized—originally two rooms, it can be easily converted back if needed. It also features its own private door to the balcony. A fourth bedroom/office is located on the first floor, conveniently near a full bathroom. The home also includes a two-car attached garage and a charming front porch, perfect for rocking chairs and relaxation. For those with hobbies or needing extra space, the current owners have established a small farm area, complete with a 12x18 block barn and an animal pen. A 12x20 metal storage shed with a roll-up door and side door provides additional room for tools, equipment, or other needs. Conveniently located just minutes from shopping, restaurants, and beaches, with easy access to major highways, this home offers both peace and convenience. Tampa International Airport is just 35 minutes away, Raymond James Stadium is 39 minutes, and Sun West Park is only 18 minutes from your doorstep. New roof in 2022. Exterior painted in 2023. Don't miss the chance to own this incredible property, schedule your private tour today and make this dream home yours!
Source: STELLAR #W7870033
Financials
Source: Public records
Source: STELLAR #W7870033
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.