Buy a home at a reasonable rate with a VA loan in Cumberland, NC

VA loans were established prior to the end of World War II and have since assisted numerous veterans, service members, and military families in fulfilling their dream of owning their a home. In recent times, the program has become increasingly significant, with VA loan volume skyrocketing and offering substantial financial advantages that enable countless veterans to purchase homes, thereby making homeownership a possibility for those who may not have qualified otherwise.

If you sacrificed comfort and security to help protect our great nation, Mission One Mortgage thanks you for your service. We believe that there's no greater honor than to serve those who have served our country. We're not afraid to go above and beyond for our veterans because that's exactly what they did for us.

What is a VA Loan in Cumberland, NC?

A VA loan is a mortgage option that is backed by the government and available to Veterans, service members, and surviving spouses. It is offered by private lenders such as banks and mortgage companies and not directly by the Department of Veterans Affairs.

VA home loans come with competitive interest rates and terms and can be used to purchase a variety of properties, including:

  • Single-Family Homes
  • Condominiums
  • Multi-Unit Properties
  • Manufactured Homes
  • New Construction Homes

One of the great benefits of VA loans is that eligible Veterans can buy a home with no down payment, no mortgage insurance, lenient credit requirements, and the lowest average fixed rates in the market.

Va Mortgages Cumberland, NC

This program was created by the federal government to make it easier for those who have served our country to become homeowners, and it is widely considered the strongest benefit program available for this purpose.

What are the Biggest Benefits of Having a VA Loan in Cumberland, NC?

At Mission One Mortgage, we work with many Veterans who know that VA loans exist but don't quite understand the full range of benefits they provide. If that sounds familiar, keep reading. This section was written especially for you.

01

Benefit:

No Down Payment Needed

One of the standout benefits of the VA Loan program is that qualified borrowers can purchase a home without having to make a down payment up to the conforming loan limit of their county. This is a significant advantage over conventional and FHA loans, which typically require minimum down payments of 5 percent and 3.5 percent, respectively.

For example, on a $400,000 mortgage, a conventional loan would require a $20,000 down payment, while an FHA loan would require $14,000. Saving up that kind of cash can take service members and veterans years, but with the VA Loan, they can pursue homeownership without having to scrape and stockpile for years on end.

03

Benefit:

Less Strict Credit Requirements

It's important for military buyers to stay informed about credit score requirements when considering home financing options. Although credit score requirements have eased up a bit, it's still necessary to meet certain benchmarks set by conventional and FHA lenders. However, even meeting these benchmarks can be a challenge for many buyers.

Most VA lenders require a credit score of at least 620, which falls in FICO's "Fair" credit score range. Borrowers will typically need to meet a higher threshold for conventional mortgages, particularly if they want to secure a low-interest rate. It's worth checking out VA Loan rates to learn more about financing options.

Despite common misconceptions, military buyers don't need a perfect credit score to obtain financing. While a higher credit score can certainly help, it's important to remember that VA loans in Cumberland, NC are designed to help military members and veterans access affordable housing.

05

Benefit:

Help with Closing Costs

Closing costs are an inevitable part of the home-buying process, no matter what type of mortgage product you choose. However, if you're a veteran, you may be pleased to know that the VA places limits on the fees and costs you're required to pay at the time of closing. Additionally, homebuyers have the option to ask sellers to cover all loan-related closing costs, as well as up to 4 percent of the purchase price for other expenses like prepaid taxes, insurance, and collections.

02

Benefit:

No Need for Private Mortgage Insurance

Coming up with a down payment can be challenging for both conventional and FHA homebuyers. In addition, they are required to pay for mortgage insurance unless they can make a sizable down payment, usually 20% of the purchase price. For instance, on a $400,000 mortgage, this would be a staggering $80,000 in cash.

FHA loans carry an upfront mortgage insurance premium and annual mortgage insurance. The latter now lasts for the life of the loan. On the other hand, conventional homebuyers will pay this monthly cost until they have built up enough equity, which can take several years.

Fortunately, VA loans do not require any mortgage insurance. However, there is a mandatory funding fee that goes directly to the Department of Veterans Affairs. Borrowers with a service-connected disability are exempt from paying this fee, which helps keep the program going for future generations.

04

Benefit:

Bankruptcy and Foreclosure

If you've experienced a financial setback such as a foreclosure, short sale, or bankruptcy, you may be worried about your chances of securing a VA home loan. However, don't lose hope just yet. With VA loans, it's still possible to be eligible for a home loan just two years after a foreclosure, short sale, or bankruptcy. In some cases, veterans who file for Chapter 13 bankruptcy protection can be eligible for a VA loan just a year after the filing date.

It's worth noting that the waiting periods for conventional or FHA financing can be significantly longer than those for VA loans. Additionally, even if you've lost a VA-backed mortgage to foreclosure, you may still be eligible for another VA loan.

So, if you're a veteran who's experienced a financial setback but still dreams of owning a home, don't give up hope. Explore your options and see if a VA loan with Mission One Mortgage could be the solution you need.

06

Benefit:

DTI Ratio Flexibility

It's important to keep in mind that VA lenders typically prefer borrowers to spend no more than 41 percent of their gross monthly income on major debts, such as mortgage payments or student loans. However, it's possible to get a VA home loan even if you have a higher DTI ratio. Some lenders may offer up to 55 percent or more depending on your credit score and ability to meet additional income requirements. This can give homebuyers more flexibility and greater purchasing power when it comes to finding their dream home.

Remember - if you have any questions about the benefits you just read about - like what credit score Mission One Mortgage requires for a VA loan - contact our office today. It would be our pleasure to help you navigate the VA loan process, one step at a time.

How to Determine Your VA Loan Eligibility

One of the most common questions we get at Mission One Mortgage revolves around VA loan eligibility. Who is actually eligible for this type of loan? What are the requirements for getting a VA loan? If you meet the following requirements, chances are you'll be eligible for a VA loan.

  • If you have completed 90 days of service during wartime or 181 days of service during peacetime, you may qualify as an active-duty military member or veteran.
  • If you have served in the National Guard or Reserve for a minimum of six years, or have completed 90 days of active duty under Title 32 orders, with at least 30 of them being consecutive, you may be eligible for a VA loan in Cumberland, NC.
  • If your spouse was a service member who passed away while on active duty or due to a service-connected disability, and you haven't remarried, you may be eligible for a VA loan. In some cases, surviving spouses who remarried after the age of 57 and after Dec. 16, 2003, may also be eligible. Spouses of prisoners of war or service members missing in action may also be eligible for VA loans, as well.
  • You meet the necessary requirements for credit and income to be eligible for a VA loan. It's important to note that while the VA doesn't set a minimum credit score for VA loans, individual lenders may have their own standards. In addition to credit, your lender will also evaluate your income and debts to assess your ability to repay the mortgage.
  • The property you're interested in purchasing complies with the necessary safety standards and building codes. It's also worth mentioning that in most cases, the borrower is required to make the residence their primary home within 60 days of purchase. However, there are certain circumstances in which this timeline can be extended up to 12 months.
 HomeReady Mortgages Cumberland, NC

Follow These 5 Steps to Begin the VA Home Loan Process

Curious what the general steps are for purchasing a home with a VA loan? You're not alone. Keep reading to get a feel for what you have to do to enjoy the wonderful benefits of homeownership.

 Home Ready Mortgages Cumberland, NC

When applying for a VA home loan benefit, the Certificate of Eligibility (COE) is an important document that verifies your eligibility to your lender. If you have already used your VA loan benefit in the past, a current COE can help you determine how much remaining entitlement you have. Additionally, it can ensure that your entitlement has been restored for previous VA-backed loans that were paid in full.

After you've applied for your COE, it's a good idea to examine your finances. We're talking about items such as income, expenses, credit profile, and your monthly budget. That way, you know for sure that you're ready to purchase a home.

As a veteran, you have the choice of going through a bank, credit union, or a private VA mortgage company like Mission One Mortgage. Most lenders will have different loan interest rates and fees, so it's important to shop around. Remember - Mission One specializes in VA loans in Cumberland, NC. Other lenders, such as large corporations and banks, often can't match the expertise and attention to detail that Mission One provides to veterans.

During this phase, it's a good idea to meet with a range of real estate professionals. Try to choose an agent who has experience processing and overseeing VA loans. Once you select an agent, you can bring your lender's pre-approval letter to their office and begin shopping.

This is the best part of the VA loan process, other than getting the keys to your new home. When looking for a house, remember to look at homes within your price range and budget. Lean on your real estate agent, friends, and family for help in your search.

A Word of Advice from Mission One Mortgage

If you're thinking about buying a home, it's important to weigh the pros and cons of homeownership. While renting can provide flexibility and less responsibility for maintenance, it comes with the risk of rent increases, potential property sales, and uncertainty about security deposit refunds.

On the other hand, owning a home can offer relatively stable mortgage payments and an opportunity to build long-term wealth for you and your family. Before making a decision, it's crucial to determine your priorities, such as your monthly budget for mortgage payments and other expenses like transportation and childcare. Ultimately, only you can determine what's best for your housing and financial needs.

The Key to Homeownership Starts with a VA Loan in Cumberland, NC

At Mission One Mortgage, we take immense pride in simplifying the mortgage process and ensuring that our clients experience minimal stress. We understand that navigating the world of mortgages can be daunting, which is why we are committed to making it as smooth as possible.

By choosing to work with us, you're not just getting a mortgage broker - you're selecting a partner who is devoted to your financial well-being and dedicated to helping you achieve your dream of homeownership. By working together, we can work through the VA loan process one step at a time.

That rings true for all of our clients, but especially the U.S. Veterans we serve. In fact, we specialize in VA mortgages and are proud to offer them to US Veterans, those on Active Duty, and their spouses. VA Loans are one of the best mortgages available, offering no down payment requirements, no PMI, and some of the most favorable rates and terms.

If you're ready to take the next big step in your life and provide stability for your family with a place to call home, contact our office today. You're closer to the dream of home ownership than you might think.

Want to know more?

Clarify your Queries Call Us Now! (843)822-5685

Latest News in Cumberland, NC

Get unlimited access with a subscription

Already have a subscription but never signed in before?Get startedGet unlimited access with a subscriptionChoose your plan. Cancel anytime.DigitalAnnual$99 for the first yearDaily digital access on any desktop, tablet, or mobile deviceMonthly$1 for the first monthDaily digital access on any desktop, tablet, or mobile deviceDigital + PrintSunday$1 for the first month...

Already have a subscription but never signed in before?Get started

Get unlimited access with a subscription

Choose your plan. Cancel anytime.

Digital

Annual

$99 for the first year

Daily digital access on any desktop, tablet, or mobile device

Monthly

$1 for the first month

Daily digital access on any desktop, tablet, or mobile device

Digital + Print

Sunday

$1 for the first month

Print delivery + daily digital access & USA TODAY Crossword

Sunday - Friday

$1 for the first month

Print delivery + daily digital access & USA TODAY Crossword

Did you know: Every plan comes with a digital subscription to share.

What's included

Digital plans

Digital + Print

Daily digital access

Android and IOS apps

Subscriber-exclusive content

Digital subscription to share

The eNewspaper — a digital replica of the print newspaper.

Print newspaper delivery

USA TODAY Digital Crossword

Group subscriptions

We have customizable plans for corporations, schools, libraries, government agencies and hotels.

Corporate programsEducation programs

No commitment required. Cancel anytime.

Offer available to new customers only. Read the full subscription terms.

Need help?

Call 1-800-722-0457 and give offer code W-JZ to subscribe.

Questions? Call 1-800-722-0457

HelpTerms of ServicePrivacy PolicyResponsible DisclosureYour Privacy Choices

© 2025 www.fayobserver.com

Burn ban issued for Cumberland County, rest of state

The N.C. Forest Service has issued a burn ban for Cumberland County and the rest of North Carolina starting Friday at 8 a.m. and lasting until further notice.Open burning is prohibited under the ban, unless the fire is started within 100 feet of an occupied dwelling. This includes burning leaves, branches or other plant material. In all cases, burning trash, lumber, tires, newspapers, plastics or other nonvegetative material is illegal.The burn ban is being issued as wildfires rage across the state.“It is spring wi...

The N.C. Forest Service has issued a burn ban for Cumberland County and the rest of North Carolina starting Friday at 8 a.m. and lasting until further notice.

Open burning is prohibited under the ban, unless the fire is started within 100 feet of an occupied dwelling. This includes burning leaves, branches or other plant material. In all cases, burning trash, lumber, tires, newspapers, plastics or other nonvegetative material is illegal.

The burn ban is being issued as wildfires rage across the state.

“It is spring wildfire season in North Carolina, and we are seeing wildfire activity increase due to dry conditions,” Agriculture Commissioner Steve Troxler said. “With these ongoing conditions, a statewide burn ban is necessary to reduce the risk of wildfires starting and spreading quickly. Our top priority is always to protect lives, property and forestland across the state. It is imperative that folks adhere to this burn ban until further notice.”

The National Weather Service has also issued a special weather statement of increased fire danger in Cumberland County from Friday morning through Friday evening. According to the North Carolina Fire Danger map, Cumberland County has a high risk of danger for the next week. This means unattended brush fires and campfires are likely to escape.

“We are urging the community to refrain from any outdoor burning at this time,” Cumberland County Emergency Services stated on Thursday. “Dry conditions and high fire danger increase the risk of wildfires spreading rapidly.”

All burning permits statewide are also temporarily cancelled under the ban. The issuance of any new permits has also been suspended until the ban is lifted.

Anyone violating the burn ban faces a $100 fine plus $183 court costs. Any person responsible for setting a fire may be liable for any expenses related to extinguishing the fire.

Local fire departments and law enforcement officers are assisting the N.C. Forest Service in enforcing the burn ban. The N.C. Forest Service will continue to monitor conditions. Residents with questions can contact the N.C. Forest Service Cumberland County Office by phone at 910-483-1535 and by email at Cumberland.ncfs@ncagr.gov.

These are 5 of the most dangerous creatures you'll find in Cumberland County

A Fayetteville-area wildlife removal expert says that snakes and spiders are the most dangerous wild creatures in our region.Thomas Grant, who has owned For the People Pest Control and Wildlife in Fayetteville for the past five years, said April 24 that he has encountered a host of problematic critters in his 13 years in the wildlife control industry, including fire ants, coyotes and skunks. But, he said, the most dangerous are spiders...

A Fayetteville-area wildlife removal expert says that snakes and spiders are the most dangerous wild creatures in our region.

Thomas Grant, who has owned For the People Pest Control and Wildlife in Fayetteville for the past five years, said April 24 that he has encountered a host of problematic critters in his 13 years in the wildlife control industry, including fire ants, coyotes and skunks. But, he said, the most dangerous are spiders and snakes.

The North Carolina Biodiversity Project lists 106 species of spiders in Cumberland County alone. It also has a handy, searchable database that can drill down to county and type.

When it comes to snakes, the North Carolina State Extension devotes a page to the state's five venomous serpents.

The following are some creatures Grant said could ruin the day of any Cumberland County resident who encounters one.

Spiders

Black widow spiders, or latrodectus, are deadly and inconspicuous eight-legged creatures. Grant said a black widow's venom is full of toxins that, while rarely deadly, can cause severe pain. Black widow spiders are often found in dark places like crawlspaces, woodpiles and inside sheds, Grant said. At just about an inch-and-a-half long, if you include its legs, the black widow is easily recognizable by its glossy, jet-black body and red hourglass marking on its underside.

The brown recluse spider, or loxosceles reclusa, can be identified by a fiddle-shaped pattern on its head region directly behind the eyes, according to the NC Poison Control Center. It is sometimes called a “fiddleback” or violin spider because of the fiddle or violin-shaped marking on its back.

The recluse is a small spider and, as its name suggests, likes to hide out in small, dark, dry places. Indoors, they may be found in closets or cabinets not used much. Outside, they may live in sheds or wood piles. Brown recluse spiders are not native to North Carolina but can be found here, Poison Control said.

Snakes

Eastern copperheads are the most common venomous snake in the state and occur across North Carolina, except for the Outer Banks, according to NC State Extension. The copperhead, or agkistrodon contortrix, is found in terrestrial and semi-aquatic habitats, according to the Smithsonian's National Zoo. The average length of a copperhead is from 2-3 feet, and they can live up to around 18 years. The snake can be distinguished by its unmarked head and "hourglass-shaped crossbands along its body."

"Copperhead venom is rarely fatal, but bites require immediate medical attention. If you encounter this species, leave it alone!" State Extension warns.

The cottonmouth, or agkistrodon piscivorus, is a venomous snake found in areas associated with water, according to the North Carolina Wildlife Resources Commission. It derives its name from the white color of the inside of its mouth. The snake is patterned with dark crossbands invaded by light olive or brown centers, ranging from three to six feet in length. The cottonmouth is venomous, but poses little to no threat to us when left alone.

The timber rattlesnake reaches lengths of 5.5 feet and is large and heavy-bodied. In the Piedmont and Coastal Plains, it has dark crossbands on a light brown, gray, tan or pinkish background — and of course, a rattle on the end of its tail. It is primarily found in forested areas and feeds on mice, squirrels and sometimes birds, according to NC Wildlife. In late summer, the female rattlers bear one to 20 young. While the venom is highly toxic, deaths from bites are rare but not unknown, Wildlife said. Timber rattlesnakes are active day and night, according to the NC State Extension. Their habitats include rocky outcroppings and fields near wetlands or forests, and they frequently use stump holes and cover objects. A timber rattlesnake has venom potent enough to kill a human, but the National Zoo states that bites are rare.

Public safety reporter Joseph Pierre can be reached at jpierre@gannett.com.

Cumberland County officials issue burn ban because of high fire risk

Cumberland County officials issued a ban on open burning beginning Friday due to an increased fire risk, according to a news release.The release states the ban went into effect at 8 a.m. because of dry weather, high winds and an increased risk of rapid fire spread.Cumberland County's ban follows a statewide ban issued...

Cumberland County officials issued a ban on open burning beginning Friday due to an increased fire risk, according to a news release.

The release states the ban went into effect at 8 a.m. because of dry weather, high winds and an increased risk of rapid fire spread.

Cumberland County's ban follows a statewide ban issued by the North Carolina Forest Service.

The burn ban prohibits all open flames, burning, and fire activities and is enforced by Cumberland County’s fire prevention ordinance.

The ban includes open burning within 100 feet of an occupied dwelling.

The remains in effect until the statewide ban is lifted by the North Carolina Forest Service, according to the release.

Frequently asked questions

In its announcement on open burning, the Forestry Service included the following frequently asked questions:

Answer: Open burning includes burning leaves, branches or other plant material. In all cases, burning trash, lumber, tires, newspapers, plastics or other nonvegetative material is illegal.

Answer: The burn ban issued by the N.C. Forest service does not apply to a fire within 100 feet of an occupied dwelling. Local government agencies have jurisdiction over open burning within 100 feet of an occupied dwelling. The N.C. Forest Service has advised county fire marshals of the burning ban and has asked for their consideration of also implementing a burning ban. If a fire within a 100-foot area of a dwelling escapes containment, a North Carolina forest ranger may take reasonable steps to extinguish or control it. The person responsible for setting the fire may be liable for any expenses related to extinguishing the fire.

Answer: Yes, if no other local ordinances prohibit their use.

Answer: Campfires would be considered open burning and are not exempt from the burn ban. During a burn ban, portable gas stoves or grills are alternate methods for cooking food while camping.

For more information, visit the State of North Carolina Forest Service announcement or contact the Cumberland County Fire Marshal’s Office.

Public safety reporter Joseph Pierre can be reached at jpierre@gannett.com.

Cumberland County to build safe drinking water system for Gray's Creek community

CUMBERLAND COUNTY, N.C. (WTVD) -- Cumberland County commissioners are finalizing some of their plans to build a water distribution system with Fayetteville PWC to bring safe drinking water to people living in the Gray's Creek community. The community has been exposed to PFAS.The joint project with Cumberland County and the PWC is expected to bring safe drinking wat...

CUMBERLAND COUNTY, N.C. (WTVD) -- Cumberland County commissioners are finalizing some of their plans to build a water distribution system with Fayetteville PWC to bring safe drinking water to people living in the Gray's Creek community. The community has been exposed to PFAS.

The joint project with Cumberland County and the PWC is expected to bring safe drinking water to 200 people living in Gray's Creek. People impacted by the pfas here say this kind of intervention is necessary to protect them from those forever chemicals.

"I didn't know how bad it was. And I started listening, reading about it. And I knew that it can cause all kinds of problems with your health."

Ron Ross says he had a water filtration system installed in front of his home by Chemours. But he still worries about how his exposure to PFAS has been potentially impacting his health--and the health of his family.

Cumberland county is spending $16 million on the first phase of its construction project with PWC to extend water distribution to Gray's Creek. It's all part of a plan to bring the community safer water.

"It's time for action. And what you're seeing now is the action," said Chairman Kirk deViere of the Cumberland County Board of Commissioners.

In a separate effort, the county is also installing filtration systems at two schools in the community in September: Gray's Creek Elementary and Alderman Road Elementary. PWC says that construction is expected to be completed by mid-summer of next year.

Officials say this could be the start of Cumberland County officials creating a broader water and sewage system in the county to keep up with its development:

"(I)f this community is going to grow, we have to have that infrastructure, both water and sewer, to grow."

The county says it is using funds from the American Rescue Plan, the state and county for the project.

SEE ALSO | New standards on PFAS in drinking water aims to reduce illnesses, cancer, CDC says

Our America: Trouble On Tap | Life with Forever Chemicals | Full Episode

Report a correction or typo

Copyright © 2025 WTVD-TV. All Rights Reserved.

Disclaimer:

This website publishes news articles that contain copyrighted material whose use has not been specifically authorized by the copyright owner. The non-commercial use of these news articles for the purposes of local news reporting constitutes "Fair Use" of the copyrighted materials as provided for in Section 107 of the US Copyright Law.
VA Loan Near Me

Service Areas