4851 Hester Ave Sanford, FL 32773
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About this home
Discover the perfect blend of space, functionality, and potential at 4851 Hester Avenue in Sanford. Nestled on over 2 acres, this 5-bedroom, 4-bath home includes a separate in-law suite with full kitchen, bedroom, and bath—ideal for multi-generational living or guests. Recent upgrades include a new roof (2022), electrical updates (2021), a new gas tankless water heater, and gas washer/dryer hookups with a propane tank on site (tank can be leased). The property also boasts a fully functional 1,800 sq. ft. steel workshop (2022) with electric, water, lighting, and three doors—including one large enough for a boat. Additional highlights include an enclosed Florida room, a redone fireplace with new chute, two septic tanks, plus two sheds (one with wall-unit A/C). The owner has architectural plans for a future primary suite buildout and a private entrance to the in-law suite, offering exciting customization potential. Fenced yard, and ample room for RVs, boats, or hobbies, this property combines comfort, versatility, and expansion potential—all just minutes from SR-417, shopping, dining, and Sanford International Airport.
Source: STELLAR #O6346397
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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.
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