Welcome to 1004 Manderleigh Drive in the sought-after Princeton Manor community! This beautiful home offers 4 bedrooms, 2.5 baths, a 2-car garage, and sits on a .20-acre homesite with a fenced backyard and a spacious, inviting layout designed for both everyday living and entertaining. Step inside to an open and airy floor plan filled with natural light. The gourmet kitchen is the heart of the home and features granite countertops, stainless steel appliances, a double wall oven, tile backsplash, pendant lighting, a large center island, and a walk-in pantry. The kitchen seamlessly overlooks the family room with a cozy gas fireplace and ceiling fan, creating the perfect space to gather with family and friends. A separate formal dining room provides an elegant setting for meals and special occasions. The primary suite is a relaxing retreat, highlighted by a trey ceiling, ceiling fan, five windows for abundant natural light, and two spacious walk-in closets. The spa-inspired primary bath offers a peaceful place to unwind at the end of the day. Step outside to enjoy private outdoor living on the deck overlooking the fenced backyard with a firepit--perfect for relaxing evenings or entertaining guests. Recent updates include fresh interior paint, new door hardware, freshly power-washed exterior, and professionally cleaned carpet, making this home truly move-in ready. Princeton Manor offers an active HOA with low dues and a welcoming neighborhood atmosphere, featuring community events such as 5K fun runs, food trucks, and pool parties with first responders. Community amenities include a pool with pool house and showers, kiddie pool, playgrounds, grilling stations, and direct access to Mingo Creek Trail and the Neuse River Greenway. All of this in an unbeatable Knightdale location with convenient access to Hwy 87, I-540, Hwy 64, shopping, dining, schools, and hospitals. Don't miss this incredible opportunity--schedule your private showing today!
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
