12874 Burns Dr, Odessa, FL 33556
4 beds · 3 baths · 2,799 sqft
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 bonus room and a two car garage, featuring covered front & rear porches. 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 GE microwave, 5 burner gas range, dishwasher with a stainless steel Samsung french door refrigerator. This kitchen boasts espresso Timberlake cabinets, quartz countertops, glass backsplash, Moen faucets and clay tile flooring throughout the main floor. 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 for 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 K-8 education, rated A+. High Energy star rating on this home makes for savings on utilities!
Source: STELLAR #u8235033
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #u8235033
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: #u8235033
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.