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$345,000 SIGNIN

Sign in to see required down payment for the 4.25% rate

3802 Covey Ct, Lakeland, FL 33812

3 beds · 2 baths · 1,579 sqft

Lovely 3 bedroom, 2 bath home is located at the end of a long road in a cul-de-sac tucked away in a peaceful neighborhood. WELCOME HOME and pull into your large driveway with nice curb appeal. Greet your guests on the gorgeous oversized screened in front porch where you can also enjoy your morning coffee and afternoon breezes. Step inside to find a tastefully decorated space enhanced with an open-concept living and dining area creating a welcoming environment for entertaining and everyday life. The Kitchen-Dining Room area is super functional and has a large island with gorgeous granite countertops with plenty of counter space and also can accommodate barstools for a perfect social and inviting atmosphere for all. The flow of the whole interior allows for seamless interaction making it ideal for entertaining guests or simply enjoying casual meals with the ones you love. The Heart of the home is a lovely brick fireplace that adds character to the Living room. Open the French doors to the large screened in lanai area that overlooks the backyard. The place you will want to relax after a long days work. Notice the back of the kitchen leads to an additional FLORIDA ROOM offering a versatile space that can be enjoyed year-round, whether for relaxing, watching your favorite sports games while hosting gatherings in the custom built in Bar area. The PRIMARY SUITE with walk in closet features a very spacious bathroom with dual sinks, separate shower/tub and water closet. Additional highlights of this home include generously sized bedrooms and guest bathroom down the hall giving ample space and comfort. The Backyard has a fire pit, shed and endless possibilities for outdoor fun, storage or future expansions.The property’s NO HOA setting offers freedom and flexibility, and the location is convenient to all major highways, shopping, medical centers, dining options, and more. Whether you’re a first-time homebuyer, a growing family, or seeking a solid rental opportunity, this home has something for everyone. Schedule a showing today and see for yourself that it's the kind of home where memories are made and cherished for years to come in Central Florida!

Estimated
Seller's interest rate
4.25%
7%
Estimated
Monthly payment

$1,282
$1,483
You may also save up to $53,413 in total interest paid.

Learn about how it works

Why Roam


Gap financing to lower your down payment

Unlock down payments as low as 5% – only with Roam

5x the likelihood your offer is accepted

If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close

Close faster and stress-free

We close 2x faster because of our deep experience and lender relationships

Rates and payments are estimates based on public records.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $1,483 monthly payment

Financed
SIGNIN
Location
Use two fingers to move the map
Loan details
Loan type
FHA
Rate
4.25%
Remaining term
22 yrs and 1 mo
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$1,282
Principal & interest
$734
Mortgage insurance
$105
Property taxes
$128
Home insurance
$313
HOA fees
-
Utilities
Not included

Source: Public records

Home details
Size
1,579 sqft
Lot size
0.25 acres
Year built
1983
Type
Single Family Residence
HOA dues
$0.00

Source: STELLAR #L4951698

Qualify

To qualify, you must meet the current FHA or VA 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%. 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.

FHA (Federal Housing Administration) loans

FHA loans require the buyer to assume the mortgage as a primary residence.

VA (Veteran's Affairs) loans

You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.

Investors

You may be able to assume a VA mortgage as an investor without it being your primary residence.

Resources
Frequently asked questions

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.

View all FAQs
Last updated: Apr 18, 2025 07:25 am
Listing agent: Tina Heim, PA (863) 370-1786
Listing provided courtesy of: KELLER WILLIAMS REALTY SMART (863) 577-1234
Details provided by STELLAR and may not match the public record.
MLS ID: #L4951698
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.
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