18405 Keystone Grove Blvd, Odessa, FL 33556
4 beds · 2 baths · 2,450 sqft
Situated on one of the most sought after waterfront lots in the highly desirable enclave of Keystone Grove Lakes in Odessa, this one is a MUST SEE! Professionally designed and built, meticulously maintained and cared for, this spectacular home has it all! NO HOA and no CDD! Approximately 2/3's of an acre with over 80 feet of water frontage, the views from the spacious, covered lanai and heated, oversized pool area are absolutely stunning! If you enjoy the Florida outdoors, this is the one! This immaculate home features an open concept with a spacious living/great room with vaulted ceilings, and 4 bedrooms with a split design and 2 full baths. Quality appliances, including stainless steel, are all included. Pride of ownership is evident throughout with this original builder/owner! Designed and upgraded to be safe, secure & energy efficient, this home boasts newly installed Miami-Dade Hurricane-rated impact windows with built in qualities that help reduce energy costs. The shingle roof was upgraded in 2014 to a high-quality, 24 gauge, galvanized metal roof with 1 1/2" standing seams. When installed, the roof came with a 25 year warranty! This home also comes with its OWN warranty! Got toys? An extension of the driveway includes an oversized parking pad suitable for a large travel trailer, boat, etc. Additionally, the homeowner had a 50 AMP circuit added near the parking pad if you need to power that motor home, travel trailer or boat. The home is also pre-wired for an existing 15KW generator, which is negotiable. A 12' X 16' Cook Portable Utility Shed was installed on the property in 2010. The 220V above-ground hot tub is included. Other additions and upgrades to the home and property are too numerous to list here. A list of extra features, upgrades, information and other amenities has been compiled and is available. More photos to follow! Schedule your showing before this one gets away!
Source: STELLAR #TB8350191
Financials
Source: Public records
Source: STELLAR #TB8350191
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.