12874 Burns Dr, Odessa, FL 33556
4 beds · 3 baths · 2,799 sqft
Get a free consultation call with an expert in the mortgage assumption process.
VA ASSUMABLE LOAN, Sellers offering $10,000 in CONCESSIONS towards closings costs AND This home comes with a 13 MONTH HOME WARRANTY for buyer's Peace of Mind and to help make transitioning easier. Discover this outstanding Odessa gem, located in the award winning community of STARKEY RANCH. Built is 2019, this immaculate home offers 4 bedrooms, 2.5 bathrooms, a large bonus room, featuring covered front & rear porches and a two car garage. Enter the home through the large and inviting glass front door with dual sidelights, you'll immediately notice the soaring ceilings. The formal dining room is to your right, as you enter, the corridor leads you past the half bath and into a spacious, welcoming great room where the kitchen, living room and informal dining room are open; perfect for entertaining. the home features a concrete tile roof, brick paver drive & entryway, stainless steel appliances to include microwave, 5 burner gas range, dishwasher and Samsung french door refrigerator. This kitchen boasts espresso Timberlake cabinets, quartz countertops, glass backsplash, Moen faucets and clay tile flooring throughout. The palatial primary suite includes an incredibly large ensuite with a walk-in shower, GARDEN BATH, dual vanities and a colossal walk in closet. The laundry room is conveniently located upstairs between the primary and bedrooms 2,3, & 4. Adjacent to the bedrooms is a large bonus room for gathering on movie night or the game. The home offers SMART features to include an ECOBEE smart thermostat, VIVANT security system, CUSTOM LIGHTING throughout with shiplap detail in entryway and laundry room. Brand new Water Softener (8/2024). The yard is large and private with covered porch with no rear neighbors. Located walking distance to HOMESTEAD PARK, offering a pool, dog park, playground and space to sit and just enjoy the birdsong. Starkey Ranch boasts 20 miles of wide trails and 150 acres of parks in total which include multiple playgrounds, pools and parks for you and your furry friends. The community is built around wetlands and green space with conservation in mind; it backs on to a large nature reserve and new community school features TOP RATED K-8 EDUCATION, RATED A+. High Energy star rating on this home makes for savings on utilities!
Source: STELLAR #U8235033
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 #U8235033
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 of Equal Opportunity Act.