104 E COTTESMORE CIR, Longwood, FL 32779
Welcome to this charming 4-bedroom, 2-bath home in the picturesque and well-established WEKIVA HUNT CLUB neighborhood, located within the highly sought-after LAKE BRANTLEY top rated school district. As you enter, you'll be greeted by a spacious formal living room connecting to the dining area that sets the tone for the rest of the home. The remodeled kitchen is a chef’s dream, featuring Corian countertops, a skylight that fills the space with natural light, and a striking wall of glass-door cabinets perfect for showcasing your finest pieces. This culinary haven flows effortlessly into the family room, where a magnificent stone fireplace with a custom mantel creates a cozy and inviting atmosphere—the true heart of the home. The home has been thoughtfully updated to ensure both comfort and energy efficiency. In 2022, the attic received new insulation, and all ducts were resealed. The foyer, living room, and kitchen were refreshed with brand-new floors in 2023, adding a modern touch. The backyard pool, the centerpiece of outdoor living, was upgraded in 2024 with a state-of-the-art saltwater system, providing low-maintenance enjoyment for years to come. Outside, the large screened lanai provides the perfect spot for relaxing or entertaining, while the open pool invites endless family fun. The fenced yard ensures privacy and provides a safe space for pets or play. Energy efficiency is a key feature, with most windows double-paned, a radiant barrier in the attic, and additional insulation throughout. Embrace the spirited community of Wekiva, with easy access to shopping and dining in any direction. There is an abundance of recreational amenities nearby including parks, basketball and tennis courts, nature trails, and the nearby Wekiva Springs River, providing a refreshing escape on warm summer days. Just moments away, Wekiva Island promises year-round festivities and kayaking adventures, setting the stage for cherished memories to unfold. Your memories begins here—welcome home!
You may be able to put down less than the total down payment amount of $113,793 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #o6232153
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.