The Historic Wake Forest Neighborhood is home to many Wake Forest faculty members and administrators and serves as a powerful example of Wake Forest’s strong community. Within walking distance of residence halls and academic buildings, neighborhood residents often open their homes to students for classes, book discussions, mentoring and sometimes the much appreciated home-cooked meal. This unique neighborhood is more than just conveniently located houses, it is an extension of the very character of Wake Forest. Currently available homes are detailed below.
Generous University financing of these beautiful homes is available to Wake Forest faculty and staff with qualifying credit references. Borrowers may obtain up to 95% of the purchase price or appraised value, whichever is less, (not to exceed $250,000) at a Fixed or Variable Rate Option for a period up to 30 years. The mortgage rate for these loans is 92% of the national average rate listed on the first business day of the month in which the mortgage is processed for both fixed and variable rate loans. The Variable Rate Option is adjusted each January 1, based on the current interest rate.
Please note that financing is for faculty and staff purchasing houses as their primary residences on Faculty Drive and adjacent streets. Loans are not available through the University for remodeling, redecorating, etc.
For more information on the Historic Wake Forest Neighborhood or questions concerning a University mortgage contact Jenny Bush at 336.758.5584 or firstname.lastname@example.org.