200 W 15th St, Sanford, FL 32771
4 beds · 3 baths · 2,068 sqft
Beautiful curb appeal, and historical charm three blocks outside of the historical district in Sanford featuring .63 acre corner lot with fenced backyard and inground pool! If you’re local, you’ll know this one as ‘’ Candy Cane Lane’’… From the moment you walk up to your new home, you are greeted with a spacious, screened in and covered front porch with views of the majestic oaks. Step inside and embrace an oversized parlor with new chandelier and ceiling medallion with wood burning fireplace. The double doors lead to a sunken living room leading to spacious backyard. When you enter the home to the left is, a dining area with chefs kitchen with farm sink, Stainless steel appliances, new lighting and granite countertops are just a few of the features of this kitchen. Just off the kitchen is the primary bedroom with luxury vinyl floors and fully renovated primary bathroom with barn door featuring 42 inch double vanity, tile surround shower and walk in closet. Perfectly positioned indoor laundry room with utility sink, mud room area and plenty of storage and folding/hanging clothes. The fourth bedroom has a hallway that leads to an exterior door, which could be great for the in-laws across the home are the two additional spacious bedroom sharing the second bath. Step outside of your sunken family room through the double doors to your backyard oasis. Featuring inground pool with 2021 pump, plenty of decking for that suntan or entertaining. The backyard also has a storage shed. 2018 roof, a/c and Hot Water Heater 2016. Crown molding, wood and tile floors with carpet ib 3 additional bedrooms. All situated perfectly on a large corner lot with plenty of room through the double gate on the oversized driveway for boat or RV parking. All of this super close to incredible restaurants and the amazing downtown life of Sanford!
Source: STELLAR #o6251372
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6251372
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: #o6251372
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.