122 W Coleman Cir Sanford, FL 32773
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About this home
Seller is willing to pay off the solar panels at closing! Step inside this home from anywhere! To experience a fully immersive walk-through of this home click on the Video or Virtual Tour button on this page. Step into timeless style and modern comfort with this beautifully maintained three-bedroom, two-bath mid-century modern home on a spacious quarter-acre lot. From the moment you arrive, you’ll notice the home’s character and inviting curb appeal. Inside, a bright and airy open layout welcomes you, highlighted by a neutral color palette and plenty of natural light. The generous living room with tile floors offers the perfect place to relax after a long day or entertain guests. Just off the living space, a versatile bonus room, currently used as a gym, could easily transform into a home office, playroom, or even a fourth bedroom to fit your lifestyle needs. The stylish kitchen is a true standout, featuring porcelain counters and backsplash, terrazzo floors, gold accents, stainless steel refrigerator & dishwasher, a wall oven, cooktop, and a cozy eat-in area. Adjacent to the living room, the warm and inviting sitting room with a brick fireplace, rich wood ceilings, and plenty of space for gatherings makes the perfect spot for game nights, reading by the fire, or entertaining family and friends. The primary suite offers comfort with terrazzo flooring, a ceiling fan, and a private bath featuring a modern vanity and tiled shower/tub combo. Two additional bedrooms provide flexibility for family, guests, or work-from-home setups, and share a second full bath with shower/tub. Step outside to your private backyard oasis. The large screened-in patio overlooks a sparkling saltwater pool, perfect for summer fun or year-round entertaining. The fully fenced yard provides both privacy and peace of mind, complete with a storage shed, carport, and two separate driveways for extra parking. Practical upgrades include solar panels for energy savings and a new pool pump and, 2020 roof for peace of mind. With no HOA, ample space for toys, boats, and a move-in ready interior, this home offers both style and convenience.
Source: STELLAR #O6336781
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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.