3806 SALTMARSH LOOP, Sanford, FL 32773
Tucked away with peaceful surroundings while being conveniently located near schools as well as lots of shopping and dining options is this remodeled two story home in the desirable GATED COMMUNITY of Wyndham Preserve. The home is BETTER THAN NEW as the dishwasher, water heater, and flooring have all been updated! Brand new luxury vinyl flooring throughout the main living spaces and new carpet in all of the bedrooms. The kitchen is equipped with stainless steel appliances, dark cabinetry for lots of storage, and plenty of counter space to prepare your favorite meals. Get ready to curl up in the cozy family room as we'll be welcoming those cooler months in no time! Bring your favorite outdoor furniture and enjoy a meal at sunset within the comfort of your fully FENCED backyard! Continue upstairs where you'll find a spacious primary suite with a walk-in closet as well as two additional bedrooms and another full bathroom to accommodate the whole family. Great sized two car garage with sleek epoxy flooring. WHOLE HOME FILTRATION SYSTEM, and a complete RING SECURITY system with cameras. With a NEWER ROOF, lush lawn, mature landscaping, year around curb appeal, and all the great upgrades you really can't ask for more. Or can you! The gated community offers peace of mind with security as well as quality amenities. Relax at the pool, hang out at the playground, or let the pets run around at the favorable dog park. There are so many ways spend your days as this great community is within close proximity to parks, Downtown Lake Mary, shopping malls, and frequent local events and activities for all ages. The beach is just a short drive away! Easily commute with nearby major highways as well as the Sanford Airport. Schedule a visit today and discover just how easy it would be to call this home!
You may be able to put down less than the total down payment amount of $183,867 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #o6226775