Fabulous 3/2 home in the GATED community of Rosecrest. The Resort Lifestyle hoa fee INCLUDES YOUR LAWN CARE and a community pool with cabana. Why spend your weekends doing lawn work? Open concept kitchen, dining, and living area featuring 42” white cabinetry, quartz countertops, tiled backsplash, center island, walk-in pantry, and SS appliances. Relax on your screened-in, covered, lanai while enjoying the water view – so peaceful and no rear neighbors. Custom designer moldings add sophistication to the entry foyer, kitchen island, and dining area. The primary bedroom enjoys an en-suite bath with large shower, private water closet, linen closet, and double bowl vanity with beautiful cabinetry and quartz countertop. The generous size primary closet is a dream with chandelier, built-in custom shelving and direct access to the laundry room. This split bedroom plan includes 2 more bedrooms and a 2nd full bath. Wood look tile flooring is beautiful, durable, and easy care. Built in late 2021, the roof, AC, and hot water heater are all less than 5 years old. Pavers dress-up the driveway, the lanai, and extend around 2 sides of the home. Value added with storm door, rain gutters, and upgraded landscaping. Close to elementary and middle schools and the Sports Complex. Located minutes from charming downtown Sanford featuring brick-lined streets, art studios, local and trendy dining, local breweries, unique shops, farmers market, frequent festivals and events, dog parks, people parks, performing arts theaters and the beautiful Riverwalk. Launch your boat for a day of fun on the water at a local marina or visit the nearby Sanford Zoo. The outstanding location provides easy access to the St. Johns River, beaches, and Orlando. Convenient to the Auto Train, Orlando Sanford International Airport, and Orlando International Airport for easy traveling. Call today to see this move-in ready home. Property is under audio/video surveillance. Check out our walk through video:https://iframe.videodelivery.net/0a5403889fe305aa47837ee74703df1d
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.
