901 Wildflower Ridge Rd, Wake Forest, NC 27587
4 beds · 4 baths · 3,113 sqft
Welcome to 901 Wildflower Ridge! A distinguished two-story residence boasting four bedrooms and three and a half baths, situated within the esteemed Traditions subdivision. From the meticulously landscaped front yard to the inviting porch, each element exudes an air of sophistication. Upon entry, guests are greeted by the timeless elegance of hardwood flooring complemented by custom shades throughout. The living space seamlessly transitions to the formal dining area, ideal for hosting gatherings and social engagements. The kitchen epitomizes culinary excellence, furnished with premium stainless steel appliances, a spacious island, and a gas stove, offering unparalleled functionality for the discerning chef. An exceptional feature of this residence is the first-floor accommodation, presenting a self-contained NextGen space complete with a private entrance, kitchenette, living area, bedroom, and bath, catering to multi-generational living arrangements or the accommodation of occasional guests. Ascending to the second level, the primary suite embodies luxury with a tranquil sitting area, expansive walk-in closet, and an opulent ensuite bathroom adorned with dual vanities, a soaking tub, and a separate walk-in shower. Two additional bedrooms on this level provide versatility to accommodate familial needs or professional endeavors. Outside, a screened-in porch invites residents to unwind amidst the serene surroundings, offering a sanctuary for relaxation and contemplation. This residence epitomizes refined living, presenting an unparalleled blend of sophistication, functionality, and comfort.
Source: TRIANGLEMLS #10022124
Interest rate and monthly payment estimated based on public records.
Source: TRIANGLEMLS #10022124
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: #10022124
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.