2005 Glenway Dr, Sanford, FL 32771
4 beds · 3 baths · 2,023 sqft
$20,000 Price Reduction Stunning Home in Historic Sanford's Prime Golf-Cart Legal Zone Welcome to your dream home in the beautiful, historic Sanford neighborhood! This spacious 4-bedroom, 2.5-bathroom gem offers the perfect blend of modern amenities and classic charm. Nestled in a golf-cart street-legal zone, this residence is within walking or golf-cart distance to downtown restaurants, breweries, the Riverwalk, and Marina. Key Features: 4 Bedrooms, 2.5 Bathrooms: Generously sized bedrooms and bathrooms. Bonus Room/Office: Includes a private external entrance and a convenient half bath, ideal for the new work-from-home norm. Large Living Areas: Expansive living spaces designed for comfort and style. Gourmet Kitchen: Recently remodeled with unique steampunk copper fixtures, perfect for culinary enthusiasts. New Roof (2018): Includes gutters with leaf guards and updated exterior doors. Updated Plumbing: Home completely repiped in 2024 New HVAC Ducts: All ducts replaced in 2021 Updated Electrical System: Ensuring safety and efficiency. Beautiful Exterior: Attractive brick facade adds timeless curb appeal. Custom Outdoor Kitchen: Perfect for entertaining while enjoying your peaceful, shady, oversized lot. Attached Garage: Provides ample storage and convenience. The open floor plan of this home creates a welcoming atmosphere, perfect for both everyday living and entertaining. With new flooring and fresh paint throughout, every corner of this house shines with meticulous attention to detail. Don't miss this rare opportunity to own a piece of Sanford's history, with all the modern upgrades you desire. Schedule a tour today and fall in love with this amazing home!
Source: STELLAR #o6225612
Source: STELLAR #o6225612
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: #o6225612
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.