Roam | Buy 6205 Golden Nettle Dr, Apollo Beach, FL with a 5.62% mortgage included.
Limited time: Pay only $1,000 to assume a low rate mortgage when you sign a purchase contract between 12/11/24 and 1/10/25 *
1 of 52
$500,000

6205 Golden Nettle Dr, Apollo Beach, FL 33572

3 beds · 2 baths · 2,010 sqft

Holiday Special! Price Reduced to below market value for a fast sale. Assumable mortgage of $499,000 with interest rate at 5.625%. This home is turn key, move-in-ready home, built in 2024! No storm damage—high and dry, with no loss of power during the past hurricane. This beautifully upgraded home features 3 spacious bedrooms plus a versatile den with French double doors. Enjoy custom built-in closets, stylish window trim, and ceiling fans in every room. The gourmet kitchen boasts a modern gas stove, built-in oven, upgraded butler's pantry, and sleek stainless steel refrigerator. The laundry room and garage are thoughtfully equipped with cabinets and heavy-duty storage racks, ensuring excellent organization. A new washer and dryer are included, and the in-wall pest control system is paid through the end of the year. Located in the desirable Waterside Community, you'll have access to three clubhouses, a resort-style pool, fitness center, and over 12 miles of scenic walking trails. Sports enthusiasts will appreciate the basketball, pickleball, tennis, and sand volleyball courts, while families can enjoy the playground and dog park. Conveniently located with easy access to I-75 and US-41, this home offers both luxury and peace of mind in a vibrant, secure community. Don’t miss out!

Estimated
Seller's interest rate
5.62%
7%
Estimated
Principal & interest
$2,894/mo.
$3,338
You may also save up to $155,435 in total interest paid.
Listing price
$500,000

Your cash down payment
$2,424
Seller’s estimated current equity is $2,424
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with a 2nd mortgage.
Estimated $2,894 monthly payment

Financed
$497,575
Assumed mortgage 5.62% • Seller's rate
$497,575
2nd mortgage 10.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Size
2,010 sqft
Lot size
0.14 acres
Year built
2024
Type
Single Family Residence

Source: STELLAR #t3550722

Loan
Remaining term
29 years, 2 months
Rate
5.62%
Monthly P&I
$2,894
Remaining loan balance
$497,575

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

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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.

View all FAQs
Last updated: Dec 29, 2024 07:01 pm
Listing agent: Monique Cardona (305) 979-2522
Listing provided courtesy of: RE/MAX BAYSIDE REALTY LLC (813) 938-1781
Details provided by STELLAR and may not match the public record.
MLS ID: #t3550722
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 © 2024 MLS GRID. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$2,894/mo
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