4822 W Bay Court Ave, Tampa, FL 33611
3 beds · 2 baths · 2,322 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Sale fell through! Note price reduction of $100,000! This stylish, relaxing pool home is conveniently located in a quiet enclave just blocks from the many restaurants and shops of Westshore Blvd. This home boasts POTENTIAL. The full transformation in 2014 was designed to allow expansion to a full three bedroom and three bath home! PROFESSIONAL REMEDIATION has been completed and this house is priced for a new transformation. The current owner would love to rehab himself but a job transfer makes that impractical. His loss is your gain! These were the original MLS remarks: When one enters this fully renovated ranch style home, the heat and chaos of the outside world melts away. The home exudes cool blues and light and bright neutrals of the open floor plan. Wood laminate floors extend through the living area, with tile in wet areas and family room. The “IKEA” kitchen maximizes storage in the white Eurostyle cabinets with striking dark solid wood countertops. The kitchen boasts stainless steel appliances and a natural gas range perfect for chefs of all levels. NOTE: The upper IKEA cabinets remain in place, escaping the four inches of water intrusion, and the master/hall bath remained intact. The pool was immediately rehabbed and has been professionally maintained since. All appliances have been removed. The home offers a view of the private back yard and 30’ x 13’ in ground pool, perfect for entertaining and recreation. The back yard features a paver pool deck, low maintenance vinyl fencing and landscape design. Plumbing is installed for a future master bath/pool bath. A half bath, attached to a secondary bedroom, can easily be converted to a full bath. Ultimately, you could enjoy a classic three bedroom/ three bath pool home conveniently located in a great niche neighborhood in South Tampa. It is time to live your best (affordable) life!
Source: STELLAR #TB8345212
Source: STELLAR #TB8345212
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.