Immaculately maintained 4BR/2.5BA home offering over 2,400 SF of beautifully designed living space in the Anderson Creek Crossing community of Spring Lake. This light-filled home showcases elegant architectural details including crown molding, tray ceilings, and wide-plank luxury laminate flooring throughout the main living areas. The chef-inspired kitchen features pristine white cabinetry, granite countertops, stainless steel appliances, subway tile backsplash, and an oversized island with seating, perfect for entertaining or casual dining. Formal dining room with wainscoting and tray ceiling provides a refined setting for special occasions. The open-concept living area is anchored by a cozy fireplace and flows seamlessly into the breakfast nook and kitchen. Downstairs, the spacious owner’s suite boasts a tray ceiling, walk-in closet, and spa-like ensuite with dual vanity and walk-in shower. Three additional bedrooms upstairs offer generous closet space and versatility for guest rooms, home office, or bonus room. Convenient downstairs laundry adds everyday ease. Enjoy outdoor living with a private backyard and patio ideal for grilling and relaxing. Located just minutes from Fort Bragg, shopping, dining, and major commuting routes, this home delivers comfort, style, and convenience in one exceptional package. This home offers an assumable VA loan with an incredible 2.625% interest rate for qualified buyers, an exceptional opportunity in today’s market. Schedule your private showing today before this stunning home is gone!
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
