5557 Oakworth Pl, Sanford, FL 32773
4 beds · 2 baths · 2,396 sqft
PRICE REDUCTION!!! Discover the enchantment of the beautiful gated community of Heatherwood. Sellers will add NEW ROOF before closing!! This home features a versatile triple split floor plan, the home offers four generously sized bedrooms, two well-appointed baths, and a fluid, open-concept design. The soaring vaulted ceilings, tasteful neutral palette, and graceful arched walkways enhance the home's airy ambiance. An elegant open dining area segues into a large kitchen and inviting living space. The kitchen features sleek stainless steel appliances, ambient recessed lighting, casual bar-top seating, ample pantry storage, and durable tile flooring. The living area, crowned with lofty ceilings, offers picturesque views and seamless access to the outdoor patio. Retreat to the luxurious master suite, with vaulted ceilings, a spacious walk-in closet, his-and-hers vanities, a sumptuous garden spa tub, a large glass-enclosed shower, privacy frosted windows, and a secluded lavatory. An internal laundry room with a standalone sink and abundant storage options underscore the thoughtful design of this beautiful home. The exterior impresses with a meticulously laid paver driveway, a three-car garage, and a panorama of mature landscaping, complete with a variety of fruit and palm trees. The expansive, screened lanai and a fully enclosed yard provide a private oasis. Experience this breathtaking four-bedroom home in Sanford by scheduling your personal tour today.
Source: STELLAR #o6208310
Source: STELLAR #o6208310
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: #o6208310
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.