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$370,000 SIGNIN

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829 Winter Meadow Dr, Wake Forest, NC 27587

4 beds · 4 baths · 2,170 sqft

**Seller offering $5,000 towards closing costs!** A MUST SEE END-UNIT townhome in the sought-after Wake Forest at Traditions community! With 2,170 square feet of living space across three levels, this home offers 4-bedrooms, 3.5-baths with abundant NATURAL light. The main living area offers a BRIGHT and SPACIOUS kitchen with stainless steal appliances, an eat in area and a large living room, and powder bathroom. Upstairs, you'll find 3 bedrooms, including a spacious Primary Suite complete with a walk-in closet and ensuite bath. Need more space? The lower level offers a BONUS bedroom and full bath, ideal for guests or a home office. Being an end unit, you'll enjoy enhanced privacy, extra windows for more natural light, and a spacious private deck. Plus, with an attached two-car garage, convenience is at your fingertips. As a resident of Wake Forest at Traditions, you'll have access to incredible community amenities—including a clubhouse, resort-style POOL, playground, tennis courts, scenic walking trails, and more. Just minutes from this home you have access to Wegmans, Target, Home Depot, restaurants, medical offices, and more! This is more than just a home. Don't miss your chance to make it yours!

Estimated
Seller's interest rate
3.11%
7%
Estimated
Monthly payment

$2,089
$2,738
You may also save up to $208,910 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 $2,738 monthly payment

Financed
SIGNIN
Location
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Loan details
Loan type
FHA
Rate
3.11%
Remaining term
26 yrs and 10 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$2,089
Principal & interest
$1,287
Mortgage insurance
$213
Property taxes
$192
Home insurance
$181
HOA fees
$213
Utilities
Not included

Source: Public records

Home details
Size
2,170 sqft
Lot size
0.05 acres
Year built
2021
Type
Single Family Residence
HOA dues
$213.57

Source: TRIANGLEMLS #10083820

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 16, 2025 06:49 pm
Listing agent: Tara Nicole Reynolds (919) 500-2600
Listing provided courtesy of: Compass -- Cary (919) 769-1956
Details provided by TRIANGLEMLS and may not match the public record.
MLS ID: #10083820
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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