5140 Sandra Dr, Titusville, FL 32780
3 beds · 2 baths · 1,198 sqft
Welcome to 5140 Sandra Dr, a charming single-family home in the heart of Titusville, FL. This delightful residence features 3 spacious bedrooms and 2 modern bathrooms within 1,198 sq. ft. of living space. It seamlessly blends classic charm with modern updates. Key Features: • Modern Amenities: Roof and HVAC system updated in 2020 for peace of mind and energy efficiency. • Gourmet Kitchen: Stainless steel appliances, updated countertops, and sleek finishes make this kitchen both stylish and functional. • Outdoor Space: Generous 7,840 sq. ft. lot perfect for outdoor activities, gardening, or future expansions. • Security System Included: Enjoy peace of mind with the fully installed security system, included in the sale. • Prime Location: Conveniently located near schools, parks, and shopping centers for easy access to daily essentials. • No HOA: Enjoy the freedom of homeownership without additional fees or restrictions. • Great Investment or First Home: Perfect opportunity for investors or first-time homebuyers. • Unique Views: Watch rocket launches from the Space Center right from your home. Don’t miss out on this exceptional property that combines comfort, style, and affordability. Schedule your private tour today!
Source: STELLAR #S5121638
Financials
Source: STELLAR #S5121638
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.