VA loan
1 of 49
VA loan

170 Cobblestone Dr, Spring Lake, NC 28390

3 beds · 3 baths · 1,809 sqft

Concierge

Get a free consultation call with an expert in the mortgage assumption process.

Assumable VA loan! Welcome to this delightful 3BR, 2.5BA home nestled on a spacious 0.46-acre lot in a tranquil neighborhood. The first floor features a living room with hardwood floors, a formal dining room, and a convenient half-bathroom. Modern kitchen w/beautiful cabinetry, SS appliances. Upstairs features a carpeted primary suite with full bath, boasting a tiled walk-in shower, garden tub & DBL sink vanity. 2 additional carpeted BR & full hallway bathroom. A LARGE bonus room offers endless possibilities as a game room, guest room, or office. Out back offers a private deck, perfect for enjoying morning coffee or an evening glass of wine while enjoying cozy summer nights. Generous fenced backyard offers plenty of privacy. So much potential w/an easy commute to Fort Liberty This home's prime location offers easy access to Fort Bragg & Simmons AAF, shopping, dining, and schools, making it an ideal choice. Schedule your appointment today before this beautifully built home slips away!

Location
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Loan details
Monthly payment

All values shown are estimated costs / mo.

Total
$1,561
Principal & interest
$1,267
Mortgage insurance
-
Property taxes
-
Home insurance
-
HOA fees
-
Utilities
Not included

Source: Public records

Home details
Size
1,809 sqft
Year built
2006
Type
Single Family Residence
HOA dues
$0.00

Source: TRIANGLEMLS #LP740945

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 01:06 am
Listing agent: PCS FORT BRAGG (910) 728-5830
Listing provided courtesy of: REAL BROKER LLC (919) 348-2585
Details provided by TRIANGLEMLS and may not match the public record.
MLS ID: #LP740945
Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Information Not Guaranteed. Copyright 2025 Triangle MLS, Inc. of North Carolina. All rights reserved.
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