429 Teague St, Wake Forest, NC 27587
4 beds · 4 baths · 3,674 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This Beautifully maintained Custom Built 4-Bedroom, 3.5-Bath, 3,674 sq. ft. home sits on a Gorgeous, Fenced .42-acre lot in STONEWATER. From the moment you step into the grand open staircase Foyer, you'll be greeted by an abundance of Natural Light & an inviting Open Floor Plan. The Gourmet Kitchen is a Chef's dream, featuring a Large Center Island, Stainless Appliances, Wall oven, 5-Burner Gas Cooktop, Oversized Walk-in Pantry, Butler's Pantry, & Separate Breakfast rm. Gorgeous Hardwood floors flow throughout the main living areas, including the Private Dining Rm w/ an Elegant Accent wall. Primary suite, conveniently located on the main floor, offers a spa-like bath w/ dual sinks, stunning Quartz Countertops, updated Fixtures & Lighting, an oversized walk-in Shower w/ Dual Shower Heads, & Custom enormous Closet. Family Rm is both spacious & cozy, featuring a beautiful carrera marble-surround Gas Fireplace as the focal point. Just off the Family rm, you'll find a Private Office/Sunroom w/ breathtaking views of the large, Private Backyard. Laundry rm is thoughtfully designed w/ ample Cabinetry, Beautiful countertops, and laundry sink. The owners' entrance, directly off the oversized 2-car garage, adds extra convenience. Upstairs, the Secondary bedrms are generously sized—one with its own private ensuite, while the other two share a dual-sink ensuite.Amazing Closet Space in all bedrms. Bonus rm is large enough to have room for a game area, sitting rm, and movie spot, while the flex rm offers endless possibilities—use it as an exercise rm, second home office, or conditioned storage. Step outside to the Trex deck with awning, which leads down to a patio that's just waiting for a Fire pit! This incredible community offers HOA amenities that include a clubhouse, exercise room, and pool. Plus, with access to the Greenway from multiple points in the neighborhood, outdoor adventures are just steps away! With so many custom features & thoughtful touches, this home is truly a must-see! Don't miss your chance—schedule your showing today!
Source: TRIANGLEMLS #10078958
All values shown are estimated costs / mo.
Source: Public records
Source: TRIANGLEMLS #10078958
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.