VA loan
1 of 55
VA loan
$780,000 SIGNIN

Sign in to see required down payment for the 3.82% rate

104 Plantation Dr, Southern Pines, NC 28387

5 beds · 4 baths · 3,593 sqft

What was once the builder's model home can now be yours! If you are looking for a lot of space in a wonderful, gated community and might enjoy gorgeous golf course and water views, then you clicked on the right listing! This 5bedroom, 4 full bath home has it all! With almost 3600 sq feet of very livable space, 104 Plantation Drive overlooks the 3rd green and the 4th fairway of Midsouth Club's , Arnold Palmer designed, award winning golf course. The home has plenty of space and an extraordinary amount storage, including a 3rd floor unfinished space ! There is a breakfast area in the gourmet kitchen which is open to a spacious living room. The room at the front of the home could make a perfect home office or play room. The guest bedroom and bath are on the main level with the primary and other bedrooms upstairs. The primary bath is amazing with separate vanities, a tub and a shower as well as separate linen closet and toilet area. Home has natural gas for fireplace, water heater and stove. Enjoy a cozy fire in the fireplace or sit out in the sunroom and enjoy the view. There is even an outdoor fireplace ! The bar in the sunroom was custom built and can convey. Ceiling fans in every room. Shelving in game room can also convey. Owners planted peach trees in the side yard that should give you fruit this summer! Property is deed restricted so membership is mandatory with a one time transfer fee and very reasonable dues. Donna Earnhardt at Mid-Tal membership can give you details on those fees. Membership allows you to use the swimming pool, club house and golf facilities at both Midsouth and Talamore. Conveniently located within minutes of downtown Southern Pines and the village of Pinehurst, Midsouth is a desirable subdivision with close proximity to Ft. Bragg. POA dues include cable and internet as well as gated security, private road maintenance and street lights. Owners just paid for termite bond- good thru April 2026. Sellers need possession thru June.

Estimated
Seller's interest rate
3.82%
7%
Estimated
Monthly payment

$4,962
$5,686
You may also save up to $210,762 in total interest paid.

Learn about how it works

Why Roam


Gap financing to lower your down payment

Unlock down payments as low as 5% – only with Roam

5x the likelihood your offer is accepted

If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close

Close faster and stress-free

We close 2x faster because of our deep experience and lender relationships

Rates and payments are estimates based on public records.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $5,686 monthly payment

Financed
SIGNIN
Location
Use two fingers to move the map
Loan details
Loan type
VA
Rate
3.82%
Remaining term
24 yrs and 3 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$4,962
Principal & interest
$2,039
Mortgage insurance
-
Property taxes
$251
Home insurance
$383
HOA fees
$2,288
Utilities
Not included

Source: Public records

Home details
Size
3,682 sqft
Lot size
0.24 acres
Year built
2018
Type
Single Family Residence
HOA dues
$2,288.00

Source: NORTHCAROLINAREGIONAL #100500424

Qualify

To qualify, you must meet the current FHA or VA 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%. 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.

FHA (Federal Housing Administration) loans

FHA loans require the buyer to assume the mortgage as a primary residence.

VA (Veteran's Affairs) loans

You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.

Investors

You may be able to assume a VA mortgage as an investor without it being your primary residence.

Resources
Frequently asked questions

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.

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.

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 620, 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.

View all FAQs
Last updated: Apr 22, 2025 09:07 am
Listing agent: The Mueller Team (910) 691-1041
Listing provided courtesy of: Coldwell Banker Advantage-Southern Pines (910) 693-3300
Details provided by NORTHCAROLINAREGIONAL and may not match the public record.
MLS ID: #100500424
The data relating to real estate on this website comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Roam Brokerage, LLC shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. Copyright © 2025 North Carolina Regional MLS LLC. All Rights Reserved.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.