Welcome to 863 Oakbranch Place, where thoughtful design meets exceptional upkeep in one of Sanford’s most desirable communities. This 4-bedroom, 3.5-bath home with a private office, formal dining room, and spacious upstairs bonus suite offers both flexibility and function. Inside, you’ll find 12’ ceilings in the main living areas, large-format tile flooring, plantation shutters throughout, and a clean, modern aesthetic with no carpet. The kitchen is equally refined, featuring a farmhouse sink, touchless faucet, dual-zone oven with warming drawer, and a newer counter-depth refrigerator. The custom office includes built-in dual workstations and ample storage—ideal for working from home. The primary and guest accommodations are well-appointed, including a fully remodeled guest bath (2023) with dual shower heads and a rain feature. Major updates provide peace of mind, including a *2021 roof*, whole-house water filtration system, hybrid WiFi-enabled water heater, and dual A/C systems with app-based controls. Step outside to a private, fully fenced backyard designed for both relaxation and entertaining. The heated saltwater pool features waterfalls, a sunshelf with bubblers, and updated equipment including a new salt cell (2026) and WiFi-enabled pump. A 3-car garage with upgraded doors, storage systems, and smart opener completes the package. Residents enjoy access to resort-style amenities including a clubhouse, 24 hour guard gate, fitness center, pool, tennis and pickleball courts, and community events year-round. A meticulously maintained home with meaningful upgrades—ready for its next owner.
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.
