1338 S ELLIOTT ST, Sanford, FL 32771
One or more photo(s) has been virtually staged. Welcome to your dream home nestled in the heart of Central Sanford! This beautifully updated residence is just a stone's throw away from an array of delightful restaurants, exciting attractions, and top-rated schools, all while being surrounded by lush local parks, including a nearby BASEBALL FIELD for endless fun and recreation. Step inside to discover a tastefully MODERNIZED haven featuring elegant laminate flooring that flows seamlessly throughout the entire property. The heart of this home boasts stunning white shaker cabinets and exquisite granite countertops, complemented by brand new Kenmore appliances that make cooking a joy. The master suite is a serene retreat, featuring not one, but two spacious closets and a recently updated bathroom that exudes luxury. Pamper yourself in the lavish walk-in shower equipped with dual showerheads, providing a refreshing sanctuary to unwind after a long day. The second bedroom offers the convenience of a fully renovated bathroom, ensuring comfort for family and guests alike. Need a versatile space? A charming bonus room at the front of the house can serve as a cozy sitting area or a productive home office. Plus, there’s an additional BONUS ROOM that currently serves as a large closet at the moment but can be easily transformed into anything your heart desires! Step outside to your outdoor paradise! The detached block storage building doubles as a workshop and comes equipped with a washer and dryer for added convenience. With a BRAND NEW 2024 WATER and a deep, fenced lot shaded by majestic oak trees, you’ll find the perfect tranquil space for relaxation and outdoor gatherings. Conveniently located near Sanford International Airport and major highways (SR 417 and I-4), this property offers both serenity and accessibility. The sellers are highly motivated and are willing to replace the roof prior to closing to ensure your peace of mind, despite it being in good condition! Don’t miss this incredible opportunity to own a fantastic property in Central Sanford. Schedule your private showing today and envision the life you’ve always dreamed of!
You may be able to put down less than the total down payment amount of $100,131 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: #o6237072