12874 BURNS DR, Odessa, FL 33556
Discover this outstanding Odessa gem, located in the award winning and highly sought after 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 updated lighting, soaring ceilings and exceptional presentation of this well appointed home. The formal dining room is to your right, as you enter and the corridor leads you past the half bath and into a spacious, welcoming great room where the kitchen, living room and informal dining room spread out before you, perfect for entertaining. Your nearly new home features a concrete tile roof, brick paver driveway, stainless steel GE microwave, gas 5 burner range and 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 features an Ecobee smart thermostat, Vivant security system, custom lighting fixtures throughout with shiplap detail in entryway and laundry room. Brand new Water Softener (8/2024). There is a lovely yard with covered porch with no rear neighbors. Located walking distance to Homestead Park, which offers 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 also feature playgrounds, pools and multiple parks for 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 and is rated A+. Don't miss out on this exceptional opportunity.
You may be able to put down less than the total down payment amount of $232,264 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #u8235033
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.