5150 Fiorella Ln, Sanford, FL 32771
3 beds · 3 baths · 1,491 sqft sqft
Welcome to 5150 Fiorella Drive – Your Dream Home Awaits! Step into luxury living in the gated community of Terracina at Lake Forest, where this stunning 3-bedroom, 2.5-bath townhome awaits you. Perfectly suited for first-time buyers or growing families, this meticulously maintained residence offers a harmonious blend of comfort, style, and convenience. As you enter, you’ll be greeted by the elegant premium laminate floors that flow throughout the first floor, creating a warm and inviting atmosphere. The chef’s kitchen boasts beautiful granite countertops and a convenient breakfast bar, making it the ideal space for family gatherings or entertaining friends. The attached garage provides ample storage solutions, complemented by ceiling-mounted storage for all your organizational needs. Venture upstairs to discover all three spacious bedrooms, where comfort and tranquility reign. The master suite is a true personal retreat, designed to be your sanctuary after a long day. Located in the highly desirable Lake Mary area, you’ll enjoy easy access to great schools, vibrant shopping, and a bustling downtown scene. Plus, with I-4 just a stone’s throw away, you can reach the beach in under 45 minutes for those spontaneous sunny getaways. The community amenities offered by the HOA enhance your lifestyle, including lawn and landscaping maintenance, roof and road care, and gate maintenance, along with a refreshing pool, well-equipped gym, and inviting community center. With a motivated seller ready to make a deal, scheduling a showing is a breeze via ShowingTime. Don’t miss this chance to make 5150 Fiorella Drive your new home. It's time to say, "Welcome Home!"
Source: STELLAR #o6243608
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6243608
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: #o6243608
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.