4056 SAFFLOWER TER, Oviedo, FL 32766
Welcome to 4056 Safflower Terrace, a stunning 4-bedroom, 3-bathroom pool home located in the prestigious Sanctuary community of Oviedo. This exquisite property features a 3-car garage, a pavered driveway, and a screened pool with travertine decking, perfect for outdoor relaxation. Inside, you'll find luxurious granite countertops, 48" custom cabinets, and stainless-steel appliances in the kitchen, complemented by a cozy Breakfast Nook that overlooks the pool. This home also features dedicated living and dining room areas which both seamlessly connect to the spacious family room. The family room is directly connected to the kitchen and breakfast nook while also providing direct access to the outdoor pool area making this the heart of the home and perfect for entertaining. The Master Suite is large with a sitting area that directly accesses the pool area while also boasting an en-suite bathroom with dual vanities, garden tub, and custom walk in shower. The secondary bedrooms area all well-appointed along with the guest bathrooms and this home also features a dedicated office. The outdoor space is amazing with ample covered seating, travertine decking, ample lounge space and a first-class LED lighting system and waterfall. As an added benefit to the outdoor space, you can enjoy the serene backdrop as the home backs up to a beautiful preserve. If the upgrades in the home wasn’t enough, the Sanctuary community boasts a clubhouse with resort style pool, splash pad, tennis and basketball courts, playgrounds, soccer fields and a state-of-the-art fitness center. In addition, the home is walking distance to Lawton Chiles elementary schools and mere minutes from endless dining, shopping and entertainment options. If you’re looking for a house that has it all, look no further because you’re home.
You may be able to put down less than the total down payment amount of $182,630 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: #o6225902
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.