718 Willow Ave Sanford, FL 32771
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About this home
Welcome to this gorgeous 3-bedroom, 2-bathroom home on a prime corner lot, built in 2020 and loaded with modern upgrades! With over 1,400 square feet of open-concept living space, this home already comes fully furnished and ready to move-in either it be a first time home buyer or an investor ready for their next turn key rental property. Step into the spacious living and dining areas where the brand-new Whirlpool appliance package shines in a thoughtfully designed kitchen—complete with granite countertops, plenty of cabinetry, and a large island ideal for entertaining. The master suite is privately tucked away at the back of the home and features a generously sized walk-in closet and a spa-like en-suite bathroom, beautifully finished with elegant marble tile. Including $2500 in seller concessions to buy down your interest rate. Seller to pay off remaining balance of solar panels in FULL at closing!! Additional highlights include laminate flooring throughout, central air & heat, ceiling fans, and a one-car garage with laundry hookup. The home also comes equipped with security system for added comfort and peace of mind. Enjoy the outdoors? A public park is located directly behind the home, offering green space and recreation just steps from your door. The location is unbeatable—just minutes to Downtown Sanford, Lake Monroe, dining, shopping, and major roadways. Schedule your appointment ASAP—this one will not stick around long! Whether you're a first-time buyer or looking to downsize into something fresh and modern, this home checks all the boxes.
Source: STELLAR #O6338620
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Close stress-free in 45 days, handled start to finish by Roam.
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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.