Don’t miss out on this Freshly Painted 4 bedrooms, 2 full bath, 2 car garage with just under 2,000 sq ft located in the very sought-after city of Sanford, FL. This quaint Celery Key neighborhood offers a very welcoming signed entrance complete with an American flag, a fun Community Pool & Playground, with a LOW quarterly HOA fee! Come home to a nice bright open Foyer into your Formal Living and Dining Room offering tons of natural lighting. Enjoy cooking in this centrally located Kitchen with updated stainless-steel appliances in 2024, tons of cabinet space, a center island with a breakfast bar, & an additional eat-in kitchen nook! Perfect for Entertaining into this seamlessly flowing Family Room, Patio, and Privately Vinyl Fenced Spacious Backyard. This Master Bedroom Suite offers Brand New Carpet, a large walk in closet, dual sinks, garden tub, & private shower. The Perfect split plan with 3 additional bedrooms and private bathroom down their separate hallway. Additional highlights include New AC in 2022 with smart temperature control, ADT pre wired Security, Separate Laundry room including New GE Washer and Dryer purchased in 2024 that will convey and BONUS: the Seller is offering a $14K concession towards a New Roof to be installed after closing. Great location to the Orlando-Sanford Airport, Sun Rail Station, 30 minutes from the East Coast Beaches, 45 minutes from Walt Disney, conveniently accessible to I-4, 417, and the new 429. Don’t miss out on this incredible opportunity to make this home yours while living next to Historic Sanford’s Waterfront Docks along the peaceful St. Johns River, Downtown Shopping, Art Festivals, Entertainment, and Waterfront Dining!
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.
