109 Valley Brook Ln, Spring Lake, NC 28390
4 beds · 3 baths · 2,438 sqft
Nestled in the desired gated Anderson Creek Club golf community, you will find your new home on the end of a quiet double cul-da-sac. This two story meticulously maintained home offers 2,530 sqft of a thoughtfully designed floor plan with 4 bedrooms and 2.5 bathrooms. Step inside a large entryway to be greeted by your formal dining room wrapped in wainscoting and a gorgeous ceiling. The kitchen has an abundance of cabinetry, stainless steel appliances, including a gas stove, granite countertops and a center island. The kitchen opens up to a large great room with a beautiful gas fireplace centerpiece. Step out to your large screen porch to take in the views on your fenced-in, private wooded lot. The oversized flat backyard is an oasis for little ones or 4 legged friends. Head upstairs to find a spacious loft at the top landing for a small office or play space. The oversized primary bedroom boasts trey ceilings and large custom his and her closets. The newly renovated primary bathroom features brand new tile flooring, brand new frameless glass shower with an upgraded shower head and jetted bathtub for the utmost relaxation. Two additional bedrooms and a huge bonus room (4th bedroom) all feature large closets. Laundry is a breeze with a large laundry room with a utility sink upstairs. The two car double door garage features storage shelves as well as above garage storage with a pull down ladder, a game changer for holiday décor and military gear. The HVAC was recently replaced in Spring 2022 and includes two nest home thermostats for convenience and energy saving as well as the water heater in 2022. The sprinkler system was upgraded in 2024 with more water efficient heads for the perfect green lawn. A French drain was installed to alleviate any drainage issues. Enjoy the community amenities including a gym, pools, splash pad, playgrounds, dog park, running trail, paddle boats, fishing and duck ponds, and a daycare located within the community and charter school minutes from the gate. Located just 10 miles from Ft. Liberty this home is both convenient and serene.
Source: TRIANGLEMLS #10084953
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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.
Source: Public records
Source: TRIANGLEMLS #10084953
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
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 “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.
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 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.
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