6806 Paradise Bay Way, Tampa, FL 33615
3 beds · 2 baths · 1,724 sqft
Located in the Beautiful Community of Bay Port Colony, this 3-Bedroom, 2-Bathroom, 2-car garage home with no rear neighbors is available for its newest owners. This home features an amazing open & spacious floorplan, newer components, plantation shutters, wonderful neighbors & beautifully textured engineered hardwood flooring throughout! As you wander into the home you are greeted by a large living room that features 2 skylights, beautiful wood flooring & large sliding doors offering plenty of light. The kitchen was totally renovated in 2022 with large, linen toned, custom-built 42" cabinets, stainless steel appliances, quartz countertops & backsplash. The primary bedroom overlooks the pool & features a private en-suite with an access door directly to the rear lanai & a ceiling fan. The primary en-suite features a standalone shower, commode, dual sinks, walk in closet & private pool entry door. The spare bedrooms both feature ceiling fans & closets. The secondary bathroom has a shower with tub, single vanity, commode & a window to allow extra sunlight. The laundry room has built in custom 42" cabinetry with washer & dryer on pedestals. While the lot is an appealing size with space between the neighbors, the backyard is the showstopper of this home, on a 1/4 acre being fully fenced in with a completely screened in rear lanai, plenty of space & a natural setting the outdoor living & cannot get much better! The pool is an PebbleTec, 18,000-gallon heated saltwater pool with jacuzzi & waterfall adorned in pavers. Home also Newer Major Components such as a roof is 2017/2018, HVAC is 2019, 18,000-gallon Heated Saltwater pool with Jacuzzi in 2019 where a sun deck and stairs were added with a PebbleTec finish, PVC Fence 2019, Garage Door 2022, 2021 Water Heater, epoxy garage floor and impact rated windows throughout. Home has been high & dry the entirety of ownership! Do not miss the opportunity to be in a wonderful home in a great neighborhood while being in a highly sought after area centrally located to most of what the Bay Area has to offer.
Source: STELLAR #tb8322208
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #tb8322208
Source: Public records
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: #tb8322208
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.