VA loan
1 of 36
VA loan
$585,000

8221 Nectar Ridge Ct, Odessa, FL 33556

4 beds · 3 baths · 2,383 sqft sqft

One or more photo(s) has been virtually staged. ASSUMABLE VA LOAN at a 2.25% interest rate!! Don’t Miss Out on this this stunning 4-bedroom, 3-bath Craftsman-style beauty, built by Ashton Woods in 2010, offers a cozy and elegant retreat in a hidden gem location in the Odessa area of Tampa, FL. Enjoy quick access to the Upper Tampa Bay Trail, Veterans Expressway, shops, restaurants, nearby beaches, and downtown Tampa. Top-rated schools and new charter schools are just minutes away. The spacious, open floor plan welcomes you with a grand entryway, leading past the formal dining room into a gourmet kitchen featuring 42" cabinets, a large center island, solid surface countertops, and stainless steel appliances. The kitchen overlooks the expansive great room, which boasts 8' triple sliders that open onto a screened lanai—perfect for indoor-outdoor living. With high ceilings, crown molding throughout, and designer touches, this home shows like a model. The first floor includes a private guest suite with a full bath, while tile and wood laminate flooring run throughout the home. Upstairs, The versatile loft, accented with a stone wall and full surround sound, makes for an ideal media or game room. Off the Loft you will find the luxurious master suite with impressive double trey ceilings and a spa-like bath. Step out to the large screen enclosed lanai for fresh air…Outside, enjoy the peaceful, low-maintenance backyard, complete with mature landscaping, swing set, a wooden deck, and a former pool/fish pond that could be converted to a garden. The organized garage includes a bike rack, shelving, a water softener, and even a hot/cold outdoor shower. The 85-foot-long driveway offers plenty of parking and space to play while situated on a corner lot. Just head out this small community and hop on the Upper Tampa Bay Trail that extends to the Peterson Road Park for basketball, a picnic and play on the playground. The Upper Tampa Bay Trail is 7.25 miles and is great for walking, running and roller blading and enjoying the Florida weather. Built in 2010...Roof, AC & Water Heater are 14 years old. This home is just perfect...It is situated in a great school district, this quiet, friendly neighborhood has no CDD fees and a low HOA...Come make it your very own! This home is ready for you to move in and enjoy today! This Lovely home did not have any damage from Hurricane Helene and no damage from Hurricane Milton!

Interest rate 3
2.5%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,221
With Roam
$1,865
Reduce your monthly payments by $644 when you assume this mortgage.
You also save $202,322 in total interest paid.

$303,706
Edit

You may be able to put down less than the total down payment amount of $303,706 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
2,383 sqft
Lot size
0.19 acres
Year built
2010
Type
Single Family Residence

Source: STELLAR #tb8304418

Loan
Remaining term
26 years, 2 months
Rate
2.5%
Monthly P&I
$1,221
Remaining loan balance
$281,293

Source: Public records

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?

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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?

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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?

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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?

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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?

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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.

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Last updated: Oct 22, 2024 10:35 am
Listing agent: Julia Wright (813) 842-5647
Listing provided courtesy of: KELLER WILLIAMS TAMPA PROP. (813) 264-7754
Details provided by STELLAR and may not match the public record.
MLS ID: #tb8304418
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2024 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,221/mo
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