A desirable Santa Monica floor plan with POOL is now up for grabs in popular Starkey Ranch in Odessa, FL. This one-of-a-kind home is situated on a quiet street with views of the water and no front neighbors. Facing south, this residence features a Mediterranean-style exterior, paver driveway, covered front porch, professional landscaping with palm trees, landscape lighting and curbing. Built with "every day life" in mind, this 4 bedroom, 3 bathroom home comes in at 2848 sq ft of living space. Once inside, you will appreciate the modern luxury vinyl flooring throughout the main living area. Interior walls have been painted with upgraded paint. Tall 2-story entrance with staircase grabs your attention making the home feel open and spacious. Main floor has office/den/flex space for convenience. Off the garage is the laundry room with added storage cabinets. Under stair storage is currently a pet resort and can easily be opened up into something special! As you enter the heart of the home, the space just opens up into perfection. The living room, dining space and kitchen all connect for easy conversation and entertaining. Tray ceilings add elegance. Large picturesque windows provide natural light and beautiful views of the pool. These windows also have motorized shades for privacy and can be used all together or individually. The entire home provides crown molding and detailed accent walls with shiplap. The bright kitchen has unique almond shaded cabinets with detailed glazing, granite counter tops with ample space, 42 in cabinets, and newer fingerprint free GE appliances. 5 burner gas range- gas community. Designer lighting throughout. Primary retreat is located on the MAIN level. This private serene space is both cozy and offers a spa like ensuite. Beautiful tiled shower from floor to ceiling with glass enclosure and bench and ceiling rain shower head. Dual sinks, granite counter tops, and large walk in closet with built-in organizers. The luxury vinyl flooring has been carried upstairs and once there you get to enjoy the spacious loft/bonus room perfect for movie nights. There are 3 additional bedrooms all separated for privacy. One room has its own ensuite with shower/tub combo and a privacy door. This "Jack and Jill" concept also provides the loft area guests with their own bathroom. The two other rooms are just as comfortable and bright with great closet space. Outdoor is where you will be enjoying the Florida lifestyle. This gorgeous and thoughtful outdoor oasis will cause envy. Heated saltwater pool with sundeck, umbrella stand, and safety fence are ready for the get togethers. You have a vinyl privacy fence with lights and amazing landscaping/palm trees. The pool has a rock water fountain feature so you can hear the bubbling from inside the home. Artificial turf added for low maintenance. Outdoor kitchen with grill and bar fridge. Surround sound system inside as well as outside for enjoyment. Garage provides ceiling storage and bike racks. Water softener. Located near the A-rated Starkey K8 school, district park, and public library, the location within the community is great. The home is close to an entrance for easy travel accessibility and is close to grocery, medical, shopping, restaurants and entertainment. Enjoy the miles of trails through the preserve and the close proximity to Cunningham Lake. Starkey Ranch is all about being adventurous and being in nature. It is truly a one-of-a-kind community.
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.
