308 Rustic Loop, Sanford, FL 32771
3 beds · 3 baths · 1,839 sqft
Assumable mortgage at 4% interest rate! This beautiful townhome comes with the lowest HOA in the area! Built in 2019, this 1,839 sq ft residence offers 3 bedrooms, 2.5 bathrooms, and a bright, contemporary open-concept floor plan that lives like a single-family home. This floor plan is a rare find, only one other unit has sold since the builder completed construction. Featuring impressive 9-foot-4-inch ceilings, the home provides an expansive and inviting atmosphere. With a motivated seller, this home presents an outstanding opportunity for buyers seeking comfort, convenience, and a genuine sense of community. Inside, you'll immediately notice the fresh interiors, modern fixtures, fire sprinklers for added safety, and newly installed luxury vinyl plank flooring extending throughout the stairs and second floor, ensuring both durability and elegance—no immediate renovations required, saving you valuable time and money. The chef-inspired kitchen boasts stylish 42-inch white cabinetry enhanced by under-cabinet lighting on both base and upper cabinets, granite countertops, a spacious center island ideal for dining or entertaining, and top-of-the-line gas GE slate appliances. Stair rail lighting adds a sophisticated and practical touch. Upstairs, a versatile loft area provides ample space for a home office, media room, or cozy retreat. Storage is plentiful, including a convenient storage closet under the stairs, a large walk-in storage closet upstairs, and added ceiling-mounted storage in the garage for excellent organization. Additional premium features include a tankless gas water heater, advanced smart home technology, EV readiness, and energy-efficient design. Schedule your tour today!
Source: STELLAR #O6263953
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #O6263953
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.
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.
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.
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.
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.
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.
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.
