16103 Armistead Ln Odessa, FL 33556
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About this home
Your Serene Lakeside Haven Awaits on Ski Lake Armistead Discover the perfect blend of tranquility, style, and convenience in this beautifully designed 3-bedroom, 2-bathroom home nestled in a peaceful neighborhood along a picturesque winding road that borders stunning Ski Lake Armistead. Professionally designed by a talented artist, this home features calming interior color choices that enhance the sense of serenity throughout. Step inside to a welcoming living room–dining room combination, offering an open, airy feel with sliding glass doors leading to a spacious screened-in lanai—the ideal spot for enjoying quiet mornings or entertaining guests in your private, peaceful backyard. Best of all, this property includes deeded access to the community boat launch. Bring your boat, skis, or simply unwind on the water—your lakeside lifestyle awaits. The large primary bedroom offers backyard views that invite you to wake up with nature. It includes an en-suite bathroom with a walk-in shower and a generous walk-in closet. The kitchen shines with stainless steel appliances, granite countertops, light cabinetry, and a solar tube light that floods the space with natural morning sun. A pass-through window makes serving guests on the lanai effortless. A cozy family room provides the perfect hangout for relaxing or hosting friends. The second bedroom is spacious with two built-in closets, while the third bedroom—currently used as an office—features a huge walk-in closet that doubles as a laundry area. The guest bathroom is updated and offers a convenient shower-tub combination. Additional perks include No CDDs and No Active HOA, giving you freedom and flexibility. This hidden gem is centrally located near Odessa and Tampa with easy access to the Veterans Expressway, offering the perfect balance of peaceful living and commuter-friendly convenience. Come experience the charm, comfort, and lakeside lifestyle of your new home—schedule your showing today!
Source: STELLAR #TB8447714
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.