1338 S Elliott St, Sanford, FL 32771
2 beds · 2 baths · 1,008 sqft
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 1 min distance 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!
Source: STELLAR #o6237072
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6237072
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #o6237072
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.