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 remarkable home immediately captivates. A charming hipped dormer with its petite balcony adds to the storybook character, while the engaged front porch gracefully extends into a porte cochere, a signature feature of the period. Portions of the original brick lattice fence still remain in the back of the home, and the property also includes a rare, hip-roofed detached brick garage that has stood alongside the home for nearly a century. Built for Warren R. Williams, one of Sanford's most influential civic leaders, this home carries the legacy of a man who served as Sanford's mayor from 1927-1933 and again from 1937-1951. His leadership helped shape the growth and character of Sanford, making this more than a beautiful home, it's a meaningful piece of Sanford's history. Inside, timeless craftsmanship is showcased through original picture rails, rich millwork, and beautifully preserved architectural details. The thoughtful floor plan offers four bedrooms, including a desirable main-level primary suite, blending historic charm with everyday functionality for modern living. Nestled just outside the heart of Historic Downtown Sanford, this home offers the perfect balance of timeless architecture and modern convenience. Located approximately 0.4 miles from Depot Park and 0.5 miles from the Pilgrim's Sanford Agricultural Marketplace, home of the seasonal Saturday Farmers Market, you'll enjoy easy access to many of the area's favorite local destinations. Spend your weekends exploring Historic Downtown Sanford's locally owned shops, restaurants, breweries, bakeries, and community events. Nearby favorites include Family Grounds Coffee, Millie's Mama Bakes, Sandra's Bakery & Café, Smoke & Barrel, Libations 139, Mrs. Lacy's Magnolia House, La Dolce Vita Pizzeria, and Hugger Mugger Brewing. Whether you're meeting friends for dinner, grabbing your morning coffee, attending one of Sanford's many downtown festivals, or browsing the Saturday market, you'll appreciate having so much of what makes Sanford special just minutes from your front door. An unfinished walk-out basement with workshop space provides abundant storage and endless possibilities for hobbies, a home gym, or future expansion. Outside, the private backyard offers plenty of room for gardening, entertaining, or simply enjoying peaceful afternoons beneath mature trees. The detached two-car brick garage perfectly complements the home's historic architecture while providing valuable additional storage and parking. Recent improvements include a freshly painted exterior, a new French drain installed along the right side of the home to improve drainage, and a newer main sewer and water line connected directly to city utilities, providing added peace of mind for future homeowners. Historic homes of this caliber rarely become available. Combining architectural significance, rich local history, thoughtful improvements, and an exceptional location just moments from Historic Downtown Sanford, 119 N Gulf Street offers a rare opportunity to own one of the city's most treasured homes. Schedule your private showing today and become the next owners of this remarkable piece of Sanford history.
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.
