6806 CAMBRIDGE PARK DR, Apollo Beach, FL 33572
Terrific pool home on a cul-de-sac street in desirable Covington Park! Excellent location in the village of Cambridge, just walking distance from community amenities and "A" rated Doby Elementary School! Interior features include diagonally laid ceramic tile floors in formal entry, kitchen, breakfast nook, and all baths; upgraded flooring in all bedrooms, living room, and dining room; vaulted and volume ceilings throughout the house; security system; sound system, ceiling fans, chair rails, and wainscoting; plantation blinds; and popular great room and three-way split bedroom floor plan! The open kitchen has wood cabinets with 42" uppers, upgraded countertops, a breakfast bar, a phone desk, a gas range, a built-in microwave, and dishwasher, a sunny breakfast nook with plantation blinds, and a sliding door to the lanai! The main room includes a sound system, vaulted ceiling, ceiling fans, plantation blinds, and triple-width sliding door to the covered patio leading to the screened lanai, recently upgraded pool deck, and pool. The primary suite has double closets, a pocket door to the bathroom, a sumptuous garden bath, a new elongated toilet, dual vanities, a separate shower, and wall-mounted shelves! Three roomy secondary bedrooms share an additional full bathroom with shower/tub combination, single vanity, and a new elongated toilet. Exterior features include a covered and screened patio perfect for outdoor dining, Edison bulb lighting for night entertainment, pool furniture, a pool maintenance shed, a storage bench, and a sparkling pool with an upgraded deck and screened enclosure! The garage connects to the house through a mud/laundry room with a washer, dryer, and storage rack. The garage includes a steel storage rack, gun safe, upright freezer, tools, and attic for storage. Mature landscaping and a yard with fencing on three sides (owned and maintained by neighbors) offer the ultimate privacy! The seller includes a safe, garden, lawn tools, Vivint security, and a sound system. Covington Park is a lovely, planned community with its elementary school, heated pools, tennis courts, fitness center, park and playground, recreation building, and proximity to shopping, dining, outdoor recreation areas, and major Bay Area thoroughfares! This is the lowest-price pool home with over 2000 square feet available in Covington Park!
You may be able to put down less than the total down payment amount of $167,958 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #o6242600