16113 RAMBLING RD, Odessa, FL 33556
Welcome to 16113 Rambling Road Odessa Florida in Pasco County. This home gualifies for USDA lending. No Money down. also assumable motgage, Check with your Lender. This stunning 4-bedroom, 3-bathroom, 2-car garage home is nestled in the gated community of Ivy Lake Estates. It has a serene setting with partial water view. This newly 2024 roofed beauty boasts a perfect blend of elegance and functionality, offering an ideal layout for modern living. As you step inside, you're greeted by a spacious formal living and dining area, ideal for hosting gatherings and creating lasting memories with loved ones. The heart of the home lies in the welcoming eat-in kitchen. Adorned with exotic granite countertops and backsplash, stainless steel appliances, and a convenient breakfast bar, this kitchen is as stylish as it is practical. Adjacent to the kitchen is the cozy family room, providing a comfortable space to relax and unwind after a long day. The split floorplan ensures privacy, with the master suite tucked away on one side of the home, featuring a luxurious ensuite bathroom with double vanity, a garden tub with seperate shower and ample closet space. The remaining bedrooms are generously sized and share access to well-appointed bathrooms. One of the bathrooms conveniently doubles as a pool bath, making it perfect for outdoor entertainment. Speaking of outdoor living, there's plenty of room for a pool on this prime lot, which overlooks a tranquil conservation area. Enjoy the peace and serenity of this dead-end street and no rear neighbors, where nature meets suburban comfort. This home is not only aesthetically pleasing but also practical, with new paint and situated in a natural gas area with excellent infrastructure. Located in a desirable school district, residents also have access to nearby daycare facilities and private academies, ensuring top-notch education for young ones. Convenience is key, with an abundance of great restaurants, shopping options, and recreational activities nearby. For travelers, the proximity to the Suncoast/589, Tampa airport, and cruise ports makes commuting a breeze. Whether you're seeking a peaceful retreat or a vibrant hub for entertainment, 16113 Rambling Road offers the best of both worlds. Welcome home and enjoy your visit.
You may be able to put down less than the total down payment amount of $157,420 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: #w7864642
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.