4624 Socrates Way, Sanford, FL 32773
3 beds · 3 baths · 1,692 sqft
Take a look at this five-year-old David Weekly Cottage! Living without any upkeep. No need to mow the yard. Alternatively, take the dog to the gated dog park or sit by the pool. It has been well-maintained and is owned by its original owner. All of the cottages have metal fencing on the front and sides, as you can see when you approach them. This house has a sprinkler system, pavers, and artificial turf in the front and sides. The living room, kitchen, and half - bathroom are on the first floor, along with the two-car garage. There is a phone app for the garage opener and a Smart Rack system in the garage. The kitchen features a touchless faucet, microwave oven and an upgraded sink. Admire the stunning hanging lights made of seeded glass that adorn the island. There is a large remote-controlled fan in the family room. The downstairs is tiled throughout. The house has no pesticides because it was constructed with a pest control system built into the walls. There is a charming and useful laundry room upstairs. Laundry is nearly effortless thanks to cabinets and a wood countertop above the washer and dryer. At the rear of the house, above the garage, is the spacious main bedroom with a view of the green area. With a tub and separate shower, the on-suite is fantastic. The closet is by Closets by Design with rods and shelves for everything, the closet is amazing. The main bedroom is isolated from the other bedrooms by the loft. The secondary bedrooms also have Closet by Designs. The neighborhood is easily accessible from all directions thanks to its handy location to 417 and 17-92. This neighborhood is zoned for Seminole County, Lake Mary schools. See all the extras the owner has added to make this a fantastic home. For a private showing, call now.
Source: STELLAR #o6250016
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6250016
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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 “Get Notified” 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 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.
MLS ID: #o6250016
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.