107 PLACID WOODS CT, Sanford, FL 32773
WELCOME to 107 PLACID WOODS COURT, your Dream Home, an Inviting One-Story Home nestled in the Tranquil and Charming Neighborhood of PLACID WOODS! This Property is a FANTASIC ALTERNATIVE TO RENTING, Offering an Excellent Opportunity to Build Generational Wealth and Secure Your Financial Independence from Ever Increasing Rents. Adorable Residence Boasts 1406 Square Feet of Comfortable Living Space, Offering Ample room for Everyone to Enjoy. With 4 BEDROOMS and 2 BATHROOMS, and an Oversized Single Car Garage, this Home is Designed to Accommodate Your Every Need. Step inside to Discover a Cozy Ambiance Enhanced by the Abundance of Natural Light Seeping Through the Windows. The Spacious Great Room Welcomes you, Providing the Perfect Setting for Gatherings with Loved Ones or Quiet Evenings Spent Relaxing Watching your Favorite Shows or Movies. Prepare Delicious Meals in the Modern Kitchen, Equipped with Sleek Stainless Steel Appliances. The Adjacent Dining area Offers a Delightful Space for Enjoying Meals Together and Creating Lasting Memories with Family and Friends. Retreat to the Serene Bedrooms, each Offering a Tranquil Haven for Rest and Relaxation. The Primary Suite has its Own Ensuite Bathroom, Providing a Private Oasis where you can Unwind after a long day. Outside, the Backyard is FULLY FENCED with Vinyl Fencing, Offering Privacy and Security for Outdoor Activities and Entertaining. Imagine Hosting Summer Barbecues or Enjoying Peaceful Mornings Sipping Coffee in this Idyllic Space. But that's not all, this Home comes with a Host of Modern Conveniences to Enhance your Lifestyle. A NEWER ROOF Provides Peace of Mind for Years to Come and Helps Reduce Home Insurance Cost. Another Standout Feature is the WHOLE HOME SOLAR POWER System Ensuring Energy Efficiency, Sustainability and MAJOR COST SAVINGS. In addition, a Whole House Water Purification System Ensures Endless Amounts of Fresh, Clean Water for your entire family’s needs. Conveniently Located to Wicklow Elementary, a Top Notch Seminole County School. With SUPER LOW HOA Fees, this Home Offers Affordability without Sacrificing Comfort or Convenience. Experience the Best of Both Worlds with Easy Access to Downtown Sanford and Lake Mary, where you can Explore all the Amenities these Vibrant Areas have to Offer. Don't miss your Chance to Make this Charming Home YOURS. Schedule a Private Show today and Discover why this Property Blends Convenience, Eco-Friendly Living, and Comfort ALL in One Perfect Package. Easy Showing!
You may be able to put down less than the total down payment amount of $153,114 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #o6236061