460 Virginia St, Southport, NC 28461
3 beds · 2 baths · 2,270 sqft
Welcome to 460 Virginia Street in beautiful Boiling Spring Lakes! Built in 2016 and offering 2,270 square feet of well-designed living space, this home is nestled on nearly an acre across two lots—providing both privacy and great value for the square footage. Enjoy distant, yet unobstructed views of the lake from the expansive screened-in porch. The second lot is unencumbered by the home or septic, offering future potential to subdivide, sell, or simply enjoy as a peaceful buffer, garden, or space for additional structures. This thoughtfully laid-out home features a split-bedroom floor plan with two guest bedrooms and a shared full bath on one side, and a spacious primary suite with walk-in closet and private bath on the other. The open living area includes a welcoming living room, dining room, kitchen with granite countertops, pantry cabinet, and J&K cabinetry, plus a bright breakfast nook. Upstairs, a large bonus room over the garage provides flexible space and ample storage. Partial crawlspace encapsulation with dehumidifier installation is scheduled for Monday, April 14th, and the seller is offering a home warranty for added peace of mind. Well water and septic keep monthly utilities low. The oversized lot provides room for a workshop, detached garage, RV/boat storage, or your dream garden oasis. Boiling Spring Lakes is a vibrant community with over 100 spring-fed lakes, perfect for kayaking, canoeing, fishing, and swimming. Enjoy parks, a public playground, tennis, pickleball, basketball, and picnic areas. Located in the South Brunswick School District and just minutes from historic downtown Southport, the Southport waterfront, and less than 15 miles to the beaches of Oak Island. Downtown Wilmington is an easy 25-minute drive. Enjoy privacy, space, and a peaceful lakeside setting in one of BSL's most desirable and quiet areas!
Source: NORTHCAROLINAREGIONAL #100500900
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.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: NORTHCAROLINAREGIONAL #100500900
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.