Welcome to this spacious and thoughtfully designed home in Odessa, FL, offering 2,765 living square feet and a total of 3,673 square feet, featuring four bedrooms plus an additional oversized room with private sliders—ideal as a fifth bedroom, creative space, or hobby room—along with a separate dedicated office, a generously sized laundry room, and a three-car garage. This residence offers a flexible layout that balances open living with well-defined spaces.As you enter, you’re welcomed into the main living and dining area, filled with natural light and offering a clear view through to the screened and paved patio. From here, the layout unfolds in a way that just makes sense. To the left, a hallway leads to the laundry room—spacious and functional with room for a refrigerator and a deep utility sink—along with two guest bedrooms and a well-positioned guest bathroom. To the right of the entry, you’ll find the dedicated office and the primary suite, which features two walk-in closets and a large en-suite bathroom complete with dual vanities, a separate commode, a soaking tub, and a glass-enclosed walk-in shower.Continuing straight from the main living area, the home opens up into a fully renovated kitchen with concrete countertops, brand-new stainless steel appliances, and an open flow into the expansive family room. This space is designed for both everyday living and entertaining, complete with large windows, sliders leading to the patio, and a custom built-in entertainment wall unit. From the family room, a pocket door creates a private wing of the home where you’ll find the fourth bedroom, a third full bathroom, and the additional oversized room that can easily function as a fifth bedroom, hobby space, or flex room—offering privacy and versatility for guests or multi-use needs.Throughout the home, you’ll find fully tiled flooring with no carpet, fresh interior paint, updated recessed lighting, modern fixtures, and new baseboards that tie everything together with a clean, updated feel. Major improvements include a roof replaced in 2023, two A/C units with both recently updated, and new French drains installed around the perimeter.The exterior continues to impress with a three-car garage, a fully paved driveway, and a neatly landscaped front yard that adds to the home’s curb appeal. Out back, enjoy a fully screened and covered patio that extends to a beautifully paved outdoor area, complete with a stylish stock tank pool—perfect for relaxing or entertaining with a unique touch.Conveniently located with easy access to the Suncoast Parkway, this home is also just a short drive from the charm of Tarpon Springs, the waterfront views at Fred Howard Park, and the beaches of Honeymoon Island State Park. Zoned within the Pasco County Schools district, the location offers both convenience and access to everyday essentials.This home delivers space, layout, and flexibility in a way that feels natural the moment you walk through the door. The property underwent foundation remediation in 2013. All reports are available. A lifetime warranty is in place and is transferable.
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
