115 Primrose Dr, Longwood, FL 32779
4 beds · 3 baths · 2,563 sqft
Nestled in the lush, wooded, highly sought-after enclave of The Springs in Longwood, this stunning 3-bedroom, 2.5-bath townhouse boasts character, comfort, and convenience, being sold by the owner. With a versatile bonus room featuring a cozy working wood stove, this space can transform into a 4th bedroom, family area, or your dream retreat. Gorgeous hardwood floors grace the stairs and upper level, while chic stained concrete floors lend a modern flair to the main level.The large master suite includes a spacious walk-in closet and an en-suite bath with dual vanities and a built-in storage cupboard. The master and the other sizable upstairs rooms feature new ceiling fans and share a balcony overlooking the backyard pool, creating a peaceful, private oasis. Each room, whether used as a bedroom, office or use of your choice, contains ample storage with oversized closets. The contemporary kitchen is a chef’s delight, featuring sleek dark cabinetry, a stacked microwave/convection and standard oven, stainless steel appliances, and plenty of counter space. Relax in the inviting family room with a dramatic ceiling fan and sliders that open to a tranquil side patio. Entertain in style in the dining room, which offers a mirrored wall and sliding doors leading to the backyard pool. The backyard is a gardener’s dream, adorned with an array of fruit-bearing trees and edible plants.Take in the serenity of your charming front cobblestone patio with a burbling fountain, enclosed for privacy and enjoy a peaceful morning coffee. Enjoy cozy evenings by the stone fireplace in the living room. A spacious, freshly-painted 2-car garage adds practicality and convenience. Located in a gated neighborhood with 24-hour security, The Springs is renowned for its 8-stall barn, two natural springs, abundant wildlife, spa and private village pool in addition to the main community pool, basketball and racquet ball courts. Conveniently located near every imaginable amenity, this home is very close to major highways, the airport, amusement parks, local hospitals and beaches, making it ideal for weekend adventures or work. New roof in September, 2021. Home is being sold "AS IS" with the right to inspection. Deep freezer and Murphy bed do not convey. This home offers a blend of contemporary living and natural beauty in a peaceful, secure setting. Don’t miss this rare opportunity to make this your dream home.
Source: STELLAR #o6261159
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6261159
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #o6261159
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.