Welcome to The Warren R. Williams House, a registered historic landmark built circa 1923 and one of the finest surviving examples of Sanford's early Craftsman bungalow architecture. Constructed in striking Flemish-bond brick with dark headers and crowned by a low-pitched, slate-shingled hip roof, this home immediately captivates. A charming hipped dormer with its petite balcony and decorative balustrade adds to the storybook character, while the engaged front porch gracefully extends into a porte cochere, a signature of the period. The property was further framed by an original brick lattice fence which some of that can still be found around the house and includes a contemporaneous hip-roofed brick garage, a rare architectural companion piece still standing nearly a century later. What truly sets this home apart is its heritage. Built for Warren R. Williams, one of Sanford's most influential civic leaders, the home carries the legacy of a man who served as Sanford's mayor from 1927-1933 and again from 1937-1951. Under his leadership, Sanford experienced notable periods of growth, shaping much of the community we know today. Living here means owning not just a home, but a meaningful piece of Sanford's story. Inside, the home's warmth and craftsmanship shine through every room. Picture rails, rich millwork, and well-preserved details celebrate the home's history, while the layout offers comfort and livability for today's lifestyle. Featuring four bedrooms, including a main-floor primary suite, the home provides flexibility for families, guests, or work-from-home needs. An unfinished walk out basement with a workshop area adds excellent storage and hobby space. While outdoors, the property opens to an amazing backyard. Private, spacious, and perfect for gardening, entertaining, or simply enjoying quiet afternoons in a timeless setting. A two-car detached brick garage complements the historic character and functionality of the home. Recent improvements include a newer main sewer and water line directly to city hookup, offering peace of mind and long-term value. As an added bonus, the seller is offering a $7,500 seller concession toward exterior painting, allowing buyers to personalize the home's historic beauty. This is a rare opportunity to own a lovingly preserved piece of Sanford's architectural heritage with room to make it your own. Homes like this do not come around often. Schedule your showing today and step into the story of 119 N Gulf Street.
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
