3920 SALTMARSH LOOP, Sanford, FL 32773
Welcome to your dream home at 3920 Saltmarsh Loop, Sanford, FL 32773! Nestled in a serene and picturesque neighborhood, this stunning property offers the perfect blend of modern amenities and natural beauty. Boasting a spacious and open floor plan, this home features 4 bedrooms and 3 bathrooms, providing ample space for your family to grow and thrive. As you step inside, you’ll be greeted by a bright and airy living area, perfect for entertaining guests or enjoying a quiet evening with loved ones. The gourmet kitchen is a chef’s delight, complete with stainless steel appliances, granite countertops, and a large island for meal preparation and casual dining. The master suite is a true retreat, featuring a walk-in closet and a luxurious ensuite bathroom with dual vanities, a soaking tub, and a separate shower. Additional bedrooms are generously sized and offer plenty of natural light. Outside, the beautifully landscaped yard provides a tranquil setting for outdoor activities and relaxation. The covered patio is ideal for al fresco dining and enjoying Florida’s sunny weather. Located in a highly desirable community, this home is just minutes away from top-rated schools, shopping, dining, and entertainment options. With easy access to major highways, commuting to Orlando and surrounding areas is a breeze. Don’t miss the opportunity to make this exquisite property your own. Schedule a showing today and experience the lifestyle you’ve always dreamed of at 3920 Saltmarsh Loop!
You may be able to put down less than the total down payment amount of $236,700 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: #s5108362