1429 Wragby Ln, Apex, NC 27502
5 beds · 6 baths · 4,416 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Unparalleled Elegance in Salem Village! Welcome to this stunning, meticulously maintained home in The Manor Collection of the sought-after Salem Village community. Featuring the popular Monterey floor plan, this expansive 5 bedroom, 5 bath residence offers three spacious levels totaling over 4,400 sq ft of luxury living. The main level impresses from the moment you step inside with soaring 10' ceilings, rich architectural detail, and a layout designed for both comfort and entertaining. A private guest suite with full bath, a formal dining room with eye-catching copper ceiling, and an elegant home office with French doors offer flexibility for modern living. The dining area flows seamlessly into a butler's bar with wine cooler, perfect for hosting. At the heart of the home, you'll find an open-concept chef's kitchen featuring a massive island with breakfast bar seating, custom white cabinetry with soft-close drawers, walk-in pantry, and abundant prep space. The kitchen opens into a spacious family room with fireplace, creating the perfect gathering space. Step outside to enjoy the screened porch with gas fire pit and wraparound deck—ideal for entertaining or relaxing. The porch overlooks a beautifully landscaped side and backyard, which includes a permitted half basketball court—a rare and valuable addition for active lifestyles. Upstairs, retreat to the luxurious Owner's Suite, complete with two large walk-in closets and a spa-like bathroom featuring a stand-up tiled shower and soaking tub. The second level also includes a versatile loft space, a Jack-and-Jill bath connecting two generously sized bedrooms, and an additional ensuite bedroom with a private full bath. A laundry room with utility sink adds convenience and functionality. The third floor boasts an oversized bonus room that can serve as a home theater, game room, or home gym, complete with its own full bathroom—offering even more living flexibility. Interior and exterior were freshly painted in 2025, giving the home a crisp, move-in-ready finish. Zoned for excellent schools, and just a short walk to Apex Elementary, this home is also minutes from Downtown Apex, major highways, and top-tier shopping and dining. Community amenities include a resort-style pool, clubhouse, fitness center, and basketball court, enhancing the vibrant neighborhood lifestyle. Don't miss this rare opportunity to own a beautifully designed, spacious home in one of Apex's most desirable communities—schedule your showing today!
Source: TRIANGLEMLS #10091246
All values shown are estimated costs / mo.
Source: Public records
Source: TRIANGLEMLS #10091246
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 and Equal Opportunity Act.