VA loan
1 of 34
VA loan
$370,000 SIGNIN

Sign in to see required down payment for the 2.75% rate

89 Bison Ln, Lillington, NC 27546

4 beds · 3 baths · 2,907 sqft

Welcome to your beautiful move in ready home built in 2013. It features 4 bedrooms and 2.5 bathrooms, encompassing approximately 2,890 square feet of living space. The home is situated on a 0.43-acre lot with a fully fenced backyard , 2 concrete patios and a screened in porch with doggie door. A massive versatile third-floor bonus room wired for a projector! Bathrooms have been updated with beautiful tile showers, tile floors , new fixtures and updated sinks that make them gorgeous. Each bedroom has large closets with 2 having walk in closets and lots of natural light. Laundry room is on the 2nd level for ease and convenience. Kitchen features tons of cabinet space, granite countertops, and stainless appliances. In addition to the open concept kitchen, breakfast area and living room this home has a formal dining room and additional office, library style room to use as you see fit. You do not want to miss out on this home in a gated community with a pool, clubhouse and picnic area. Close to shopping and restaurants but also nestled quietly in this gated neighborhood. 25 min to Ft. Liberty and 58 min to Raleigh NC.

Estimated
Seller's interest rate
2.75%
7%
Estimated
Monthly payment

$1,558
$2,196
You may also save up to $202,791 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 $2,196 monthly payment

Financed
SIGNIN
Location
Use two fingers to move the map
Loan details
Loan type
VA
Rate
2.75%
Remaining term
26 yrs and 6 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$1,558
Principal & interest
$1,134
Mortgage insurance
-
Property taxes
$206
Home insurance
$181
HOA fees
$35
Utilities
Not included

Source: Public records

Home details
Size
2,907 sqft
Lot size
0.43 acres
Year built
2013
Type
Single Family Residence
HOA dues
$35.00

Source: TRIANGLEMLS #10075514

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 15, 2025 06:51 pm
Listing agent: aiyana lutkiewicz (845) 699-3452
Listing provided courtesy of: Mark Spain Real Estate (770) 886-9000
Details provided by TRIANGLEMLS and may not match the public record.
MLS ID: #10075514
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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