4624 Socrates Way, Sanford, FL 32773
3 beds · 3 baths · 1,692 sqft sqft
Check out this 5yr young David Weekly Cottage home! Maintenance-free living! No yard to mow! Instead, sit at the pool, or take the dog to the gated dog park. This is the original owner, and it is very well taken care of. As you walk up to the home you will notice that all the homes have metal fencing at the front & sides. This home has artificial turf and pavers in the front & sides; as well as a sprinkler system. The first floor is the living room, kitchen & a half bathroom, as well as access to the 2-car garage. The garage has the Smart Rack system, remote & phone app. The kitchen has an upgraded sink, microwave oven, and a touchless faucet. Check out the beautiful seeded-glass hanging lights over the island. The family room has a Large remote-controlled fan. The entire downstairs is tiled. The house was built with a pest control system in the walls, so no pesticides in the home. Upstairs you will find a cute and functional laundry room. Cabinets & a wood countertop over the washer & dryer make laundry almost easy! The large primary bedroom is over the garage at the back of the home looking over the green space. The on-suite is awesome, tub & separate shower. The closet is to die for, with Shelves, rods, and racks for everything; Closets By Design! The loft separates the primary bedroom from the others. Both secondary bedrooms are Closets By Design. This neighborhood is conveniently located to the 417 & Sr 17/92 for easy access around the area. Lake Mary schools for the kiddos. Do not miss this cottage and see all the extras the owner has done to make this an amazing home. Call today for a private showing.
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.