1500 Paddock Dr, Plant City, FL 33566
4 beds · 2 baths · 2,044 sqft
Nestled within the amenity-filled, tree-lined streets of the Paddocks at Walden Lake, this 4 bedroom, 2 bath, 2 car garage home is turn-key and has been beautifully updated. Soaring vaulted ceilings, flexible living spaces, a modern light and bright kitchen, and luxury vinyl flooring highlight the 2,044 sq ft residence. The formal living room sits across from the formal dining room, which provides easy access to the kitchen for an ideal dining experience. Overlooking the vaulted ceiling 15x22 family room, the chef's kitchen features ample cabinet storage, a 4-piece appliance package, stone countertops, pendant lighting, and breakfast bar seating. The primary suite is split away from the other bedrooms for privacy and offers a tranquil ensuite bathroom with a soaking tub and walk-in shower. The second bedroom is located near the front of the home and could also be used as an office! Bedrooms 3 and 4 are secluded in a guest wing adjacent to the house's second full bathroom. All four bedrooms are generously sized and have ceiling fans and built-in closets. Step through the French doors out to the roomy, lush, privacy-fenced yard and appreciate the outdoors from the open wooden deck. Walden Lake is a highly desirable community, centrally located in Plant City, close to I-4 for a quick drive into Tampa. Residents here enjoy access to multiple amenities, including a fishing dock, playground, dog park, sports courts, community center, walking trails and more! Call today for more information about this lovely home and community.
Source: STELLAR #t3544773
Source: STELLAR #t3544773
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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?
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?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #t3544773