October 2024 - 4.99% Fixed Rate for Qualified Buyers!!


Rare 2-Story Townhomes by Drees Homes in Great Location in Wake Forest Discover the rarity of modern 2-story townhome living in the beautiful Wake Forest neighborhood. The Manteo plan offers 3 beds, 2.5 baths, open living, and an outdoor oasis. Prime location with greenway access and convenient shopping in Wake Forest and Rolesville.

Selection Sheets in Documents


5,000 in closing costs with preferred lender., Roof: 30 Year Warranty

1. Contract with Drees by 9/30/24 and close with FEM by 10/31/24.
2. Conventional fixed rate 5.99% interest rate with a year 1 rate of 3.99%
3. 6.057% APR
4. 2-1 Interest Rate Buydown (3.99% year 1, 4.99% year 2 then 5.99% for years 3-30)
5. Maximum loan amount $766,550 (except for the Super Conforming counties in TN, VA and MD)
6. 20% down payment required
7. 760 minimum credit score
8. 4% of loan amount contribution from Drees (MAXIMUM 3% of sales price contribution in Raleigh) required to fund the buy-down escrow account and discount points
9. Additional buyer funds cannot be used to fund the buy-down escrow account