16113 Rambling Rd, Odessa, FL 33556
4 beds · 3 baths · 2,185 sqft
Get a free consultation call with an expert in the mortgage assumption process.
One or more photo(s) has been virtually staged. Your Dream Home Awaits! Step into this gorgeous 4-bedroom, 3-bathroom home located in the high demand gated community of Ivy Lake Estates in Pasco County. Offering a serene atmosphere with a partial water view, this home is a true retreat, combining style, comfort, and modern living. Plus, phenomenal assumable mortgage rate well below current market rates... could be just what you've been waiting for—talk to your lender about the possibilities! Inside, you'll be welcomed by an open and airy formal living and dining area, perfect for gatherings or quiet moments of reflection. The heart of the home is the spacious eat-in kitchen, featuring stunning exotic granite countertops, a sleek matching backsplash, top-of-the-line stainless steel appliances, gas powered stove and a convenient breakfast nook for casual meals. The cozy family room is just off the kitchen, making it ideal for relaxation after a long day. The split floorplan provides a private sanctuary for the master suite, which includes a luxurious ensuite with a double vanity, garden tub, separate shower, and plenty of closet space. The additional bedrooms are generously sized and share well-appointed bathrooms, one of which is also a "pool" bathroom complete with a stand up shower—perfect for hosting family and friends outdoors with direct access from the screened in lanai. The outdoor space is just as impressive. Situated on a large lot that backs up to peaceful conservation land with no rear neighbors, there's plenty of space for a pool or outdoor living area, making it an entertainer’s dream. Just around the corner, enjoy community park amenities such as basketball, beach volleyball, a shaded playground, and a covered seating and dining area—perfect for all ages! The location is ideal, within a great school district, near daycare centers and private academies, and close to dining, shopping, and recreational options. Plus, with easy access to the Suncoast Parkway, Veterans Tollroad, Tampa Airport, and cruise ports, getting around has never been easier.
Source: STELLAR #TB8378103
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 #TB8378103
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 and Equal Opportunity Act.