Welcome to this beautifully maintained 2021 DR Horton home located in the highly desirable community of South Branch Preserve in Odessa. Offering 2,260 square feet of thoughtfully designed living space, this 4-bedroom, 2.5-bathroom home with a spacious loft perfectly blends functionality, comfort, and modern style. Step inside to a welcoming entryway that opens into a bright and airy open-concept floorplan, ideal for both everyday living and entertaining. The kitchen serves as the centerpiece of the home, featuring a large granite island with a deep stainless steel sink, sleek stainless steel appliances, ample cabinetry, and a pantry. The kitchen flows seamlessly into the dining and living areas, all enhanced by abundant natural light and direct access to the backyard through sliding glass doors. A conveniently located half bath on the main floor adds to the home’s thoughtful layout. Upstairs, you’ll find a versatile loft area perfect for a second living space, home office, or playroom, along with four generously sized bedrooms. The spacious primary suite offers a private retreat with an en suite bathroom featuring dual vanities, a walk-in shower, water closet, and a large walk-in closet. The additional bedrooms are well-sized and share a full bathroom with dual vanities and a shower/tub combination. The upstairs laundry room adds everyday convenience. The fully fenced backyard provides a great space for outdoor enjoyment, pets, or entertaining. South Branch Preserve is ideally located just minutes from the rapidly growing SR 54 corridor, offering easy access to a wide variety of shopping, dining, and everyday conveniences. With close proximity to the Veterans Expressway, commuting to Tampa, Tampa International Airport, and surrounding areas is quick and convenient. Residents enjoy a peaceful neighborhood setting paired with outstanding amenities, including two resort-style pools, a sports field, basketball court, dog park, and fitness center. This move-in ready home has been exceptionally well maintained and is a fantastic opportunity to enjoy modern living in one of Odessa’s most convenient and sought-after locations.
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.
