100 Monterey Oaks Dr Sanford, FL 32771
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About this home
**SELLER WILLING TO CREDIT BUYER $5,000 TOWARDS CLOSING COSTS/INTEREST RATE BUY-DOWN!!** Set on a desirable CORNER LOT in Monterey Oaks (LOW HOA), this spacious 5-bedroom, 2.5-bathroom home offers a NEW AC (2019), and a NEW ROOF (2017)—plus sprinkler system servicing in 2024. A 2-car garage with a WI-FI ENABLED door and opener (2024)—operable via phone camera—adds convenience to everyday living. Recent improvements include a NEW fence, an UPDATED KITCHEN, reinforced closet shelving, and NEW toilets (ALL COMPLETED IN 2022), giving you peace of mind and lasting value. With no neighbor to the right, you'll enjoy added privacy and peaceful surroundings in a friendly community with a LOW HOA that hosts regular monthly meetings. The MODERN KITCHEN is a highlight, featuring white cabinetry, a stylish backsplash, elegant QUARTZ COUNTERTOPS, two pantry closets, and an eat-in area with sliding glass doors that open to the expansive screened rear patio and large backyard, perfect for entertaining. A FIRST-FLOOR BEDROOM offers flexible use as a home office or media room, while upstairs, the PRIMARY SUITE includes TWO OVERSIZED WALK-IN CLOSETS, and a spacious en suite bath. Three additional bedrooms on the second floor provide plenty of room for family, guests, or flexible living, all filled with natural light and smartly laid out for privacy and usefulness. Conveniently located less than five miles from SR-417 and I-4, 10 minutes from the CENTRAL FLORIDA ZOO, and just 10 miles from HISTORIC DOWNTOWN SANFORD, you’ll enjoy EASY ACCESS to local shops, dining, entertainment, and Central Florida’s major commuter routes. This well-maintained home offers the perfect combination of space, comfort, and location—SCHEDULE YOUR PRIVATE TOUR TODAY!
Source: STELLAR #O6317826
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FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.