Welcome to your Sanctuary home! Nestled in the desirable community of The Sanctuary in Oviedo, this beautifully refreshed home has been thoughtfully UPDATED throughout, making it truly move-in ready for its next lucky owner. Upon entering, you are greeted by fresh interior paint, elegant flooring, and soaring ceilings that create an open, airy feel. Natural light floods the formal living room through sliding glass doors, while a formal dining room and a private office with French doors have both style and flexibility to suit your lifestyle. The thoughtful split floor plan places the spacious master suite on one side of the home, offering a true private retreat complete with a brand-new vanity and luxurious new countertops in the master bathroom, adding an elevated touch of elegance to your daily routine. On the opposite side of the home, the secondary bedrooms are generously sized and filled with natural light, providing privacy and comfort for family members or guests. All bedrooms feature brand-new plush carpet, and every bathroom throughout the home has been updated with stunning new countertops that give each space a fresh, high-end feel. The heart of the home is the stunning kitchen and family room combination. The kitchen features beautiful cabinetry with crown molding complemented by gorgeous brand-new countertops that bring a luxurious, modern look to the space. Stainless steel appliances and a spacious breakfast bar add both function and style, all while overlooking the spacious family room, making it easy to cook while staying connected with loved ones. Whether hosting holiday gatherings or enjoying casual evenings at home, this space is truly the centerpiece of the home. Brand-new tile flooring flows beautifully throughout the main living areas, and all-new lighting fixtures and ceiling fans have been installed throughout, creating a bright and welcoming atmosphere in every room. Step outside and discover one of this home's most impressive features — it's incredible corner lot. The expansive side yard and backyard provide endless possibilities, whether you envision adding a sparkling pool, a playground, or a private garden retreat. The covered and screened-in patio provides the perfect space for enjoying Florida's beautiful weather year-round. Combined with the elegance of the interior, this property truly offers the best of both indoor and outdoor living. Located within The Sanctuary, residents enjoy an exceptional lifestyle with access to outstanding community amenities. The centerpiece of the community is the giant resort-style pool, perfect for soaking up the Florida sunshine and cooling off on warm days. The little ones will absolutely love the fun-filled splash pads, making summer days an unforgettable experience right in your own neighborhood. Beyond the pool area, residents also enjoy playgrounds, parks, and sports courts, offering something for everyone. The home is also conveniently close to top-rated Seminole County schools, shopping, dining, and major roadways, making everyday life as convenient as it is enjoyable. With all of these incredible upgrades already completed for you, all that is left to do is move in and start living the Florida lifestyle you have always dreamt of. Schedule your private showing today before this one is gone!
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.
