Experience the pinnacle of Florida living in this stunning two-story residence, perfectly situated in a peaceful Sanford community. Combining contemporary designer finishes with a resort-style backyard built for ultimate entertainment. The main level welcomes you with an airy, open concept floor plan anchored by light-toned tiling and abundant natural light. The gourmet kitchen is a chef’s dream, featuring sleek light-gray shaker cabinetry accented by modern black hardware, premium quartz countertops paired with a elegant subway-tile backsplash, and a massive central island with breakfast bar seating and stylish pendant lighting. Whether you are enjoying a quick bite in the sun-drenched breakfast nook or hosting elegant dinners in the formal dining room, this home is designed for seamless transitions between daily life and grand entertaining. The upper level is thoughtfully designed to accommodate a modern lifestyle, offering a blend of private sanctuaries and flexible workspaces. The sprawling primary suite serves as a true retreat, featuring plush carpeting, a large walk-in closet, and a spa-like ensuite bath with dual vanities and a massive glass-enclosed shower. Beyond the spacious guest bedrooms, the layout includes dedicated spaces ideal for a professional home office, a media/gaming room, or a home gym, all supported by a dedicated laundry room with built-in shelving for maximum convenience. The true showstopper is the backyard, which has been transformed into a resort-style destination. Step through to the large, covered, and screened-in porch, featuring a modern oversized ceiling fan perfect for bug-free lounging or al fresco dining. Just beyond the screen, you can dive into the sparkling blue waters of a pristine private pool, featuring a contemporary rectangular design and a dedicated sun shelf. The massive concrete pool deck offers endless space for sunbathing and multiple seating areas, all while being fully enclosed by a high-quality privacy fence and surrounded by a lush green lawn. Located just minutes from the charm of historic downtown Sanford’s waterfront, boutiques, and award-winning dining, this home offers quick access to major highways for an easy commute to Orlando or a day trip to the Atlantic beaches. This home is a rare find that checks every box—schedule your private tour today!
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.
