2015 Shalimar Loop, Sanford, FL 32773
3 beds · 3 baths · 1,714 sqft
**ENTIRE COMMUNITY IS GETTING A FACELIFT** With no special assessments or increase to monthly HOA fee *NEW ROOF*NEW EXTERIOR PAINT** ** BUYER PERK: LENDER CREDIT towards closing cost or rate buy-down available. Ask for details.** Welcome to 2015 Shalimar Loop, a beautiful corner-end unit in the heart of Sanford, FL! This charming 3-bedroom, 2.5-bathroom townhome in Seminole County is a perfect blend of comfort and convenience. Located close to Seminole Community College and Seminole County Schools. Step inside to find a bright, open living space with a cozy fireplace — perfect for creating a warm, inviting atmosphere and for cooler evenings. The well-appointed kitchen flows seamlessly into the dining and living areas, making it ideal for entertaining or simply enjoying everyday life. The kitchen has plenty of useful counter space as well as a large island. Upstairs, you'll discover three spacious bedrooms, including a primary suite with an en-suite bathroom for added privacy. The additional bedrooms give plenty of room and a second bathroom with dual sinks. One of the best perks? The HOA is replacing the roof and refreshing the exterior paint — all with no extra assessments or changes to your payment, adding incredible value and peace of mind. With its prime corner location, this home also enjoys extra natural light and added privacy with no rear neighbors. Conveniently located near shopping, dining, and major highways, 2015 Shalimar Loop is the perfect place to call home. Don’t miss out — schedule your showing today!
Source: STELLAR #O6287294
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: STELLAR #O6287294
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 “Save search” 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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.