Welcome to 687 Botanical Court in the desirable Vandercroft Farms community of Bunnlevel, just minutes from Lillington and the Cape Fear River. This well-maintained 4-bedroom, 2.5-bath home offers 2,522 square feet of functional living space designed for comfort and everyday living. Recent updates include fresh interior paint, new Luxury Vinyl Plank (LVP) flooring throughout the main level, and new stainless steel kitchen appliances. Situated on a spacious homesite, it provides a peaceful neighborhood setting with convenient access to shopping, dining, and major commuter routes, including Fort Bragg Military Base. The kitchen is the heart of the home, featuring an oversized peninsula with bar seating, granite countertops, white upper cabinetry accented by rich navy lower cabinets, a subway tile backsplash, new stainless steel appliances, a pantry, and abundant cabinet and counter space. The open layout flows into the breakfast area and spacious family room, creating an ideal gathering space. The family room features durable Luxury Vinyl Plank (LVP) flooring, a ceiling fan, and abundant natural light. Sliding glass doors provide easy access to the backyard patio, making indoor-outdoor living effortless. The formal dining room showcases classic board and batten trim, abundant natural light, and overhead lighting, making it perfect for everyday meals or holiday gatherings. Upstairs, the spacious owner's suite offers a vaulted ceiling, ceiling fan, plush carpet, and room for a sitting area. The private ensuite bath features a dual-sink vanity, soaking tub with tile surround, separate walk-in shower, linen closet, and generous walk-in closet. Three additional upstairs bedrooms provide flexible space for family or guests. Each offers plush carpet, ceiling fans, generous closet space, and abundant natural light. The hall bath includes a dual-sink vanity and tub/shower combination to simplify busy mornings. Downstairs, a separate flex space provides the perfect home office or study. Step outside to a spacious, fully fenced backyard designed for relaxing and entertaining. The covered patio, featuring a custom pergola, shade sail, and string lighting, creates an inviting outdoor living space. The expansive yard, mature fruit-bearing trees, raised garden bed, and storage shed provide room for pets, gardening, play, and additional storage. Residents of Vandercroft Farms enjoy a community clubhouse, fitness center, swimming pool, playground, sand volleyball court, and beautifully maintained common areas. With spacious living areas, recent updates, a versatile flex space, a large fenced backyard, and outstanding community amenities, this home has it all. Don't miss your opportunity to make it yours—schedule your showing today!
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.
