98 Valley Brook Ln, Spring Lake, NC 28390
5 beds · 4 baths · 3,095 sqft sqft
Welcome to the gated golf course community, Anderson Creek Club, with an abundance of amenities that span throughout. Positioned in a prime location of the community, this home offers over 3,000 sqft of a thoughtfully designed floorplan with 5 bedrooms or 4 bedrooms plus a bonus, 3.5 baths, a primary on the main AND an unfinished 3rd floor ready for expansion. Head inside to be greeted by your formal dining room wrapped in trim work that leads you to the heart of home, perfect for hosting. The kitchen has an abundance of cabinetry, stainless steel appliances, including a gas cooktop, and a bar-height island for more seating. The living room is spacious and anchored by your gas fireplace. The first floor primary is grand, and the lovely primary bath including dual sinks, an oversized walk-in shower, custom closet, and linen closet. Upstairs includes 2 generously sized bedrooms that share a Jack-and-Jill bath. Another oversized bedroom or the ideal bonus space that leads into unfinished storage. Down the hall features another full bath and your 5th bedroom with a massive walk-in closet. Head up to the unfinished 3rd floor for the storage we all need. Step out to the screen porch to take in the views on your fenced-in, private, wooded lot. With 15 miles to Fort Liberty, 20 minutes to Sanford, and 30 miles to Fayetteville, you'll find that your hidden oasis awaits.
Source: TRIANGLEMLS #10061331
Interest rate and monthly payment estimated based on public records.
Source: TRIANGLEMLS #10061331
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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 580, 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.
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 “Get Notified” 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 580, 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.
MLS ID: #10061331
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.