1 of 39
$499,000

1031 Fowler Rd, Conway, SC 29526

2 beds · - baths · sqft

6.02 ACRES of stunning country landscape !! Located just 15 minutes from down town Conway and just another 5 in the opposite direction will land you in North Myrtle Beach . World class Shaftesbury Glen Golf & Fish resort and a family owned pizza place just 3 minutes away . Setting this 2 bedroom 2 full bathroom home in the country , the perfect distance to PRIME locations fulfilling all your needs . Newly renovated , this home boasts today's most spectacular trends and upgrades while holding on to its southern farm house charm . As you pull into the drive way you'll immediately feel at peace , surrounded by nature and the serenity of the little stream that follows the drive way . Detached from the home you'll see a Brand new 10x12 shed you can utilize for extra storage . The workshop in the back can double as a carport , equipped with electric , outlets, lights ; and water right in front. From front view Gaze up at the 2 story brick fireplace , stunning wrap around landscaping brand new timbers and mulch beds complement the curb appeal of this home . Enjoy rocking chair coffee cup filled mornings on your front porch lavished by tongue and groove ceilings , 6x6 columns, and brand new railings . As you enter the home warm tones of 'toupe of the morning' , rustic longated Luxury vynil plank flooring and recessed lighting, are felt throughout . Conversation flows endlessly between the kitchen and living room in this open floor plan design . The Grand wood fire burning brick fire place sits at center attention adjacent to the ship-lapped accents and upgraded baseboards . You'll be in love the moment you lay eyes on this Pinterest worthy kitchen of your dreams . Fully loaded with white quartz counter tops , Gold accented tile back splash , and brand new stainless steel appliances , with enough counter space for the turkey and all your fixings!! Floor to ceiling forest green cabinetry , under lighting , a large pantry, a lazy Susan , and the perfect deep dish porcelain farm house sink make the perfect setting to entertain your loved ones. This split floor plan boasts full bathrooms and bedrooms one down and one up. The master bathroom upstairs includes a farm house floor to ceiling tilled shower and a double vanity with upgraded lighting fixtures . While down stairs boasts a tile shower with a soaking tub. Enjoy folding laundry in your own wash room equipped with a modern tile back splash , cabinets , built in shelving , and a wash tub. Staring out the brand new windows throughout the entire home set your eyes on endless Peace , Serenity , and Freedom that convey with this property - just waiting for YOU to call it HOME .

Interest rate 3
4.07%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$666
With Roam
$882
Reduce your monthly payments by $216 when you assume this mortgage.
You also save $63,808 in total interest paid.

$374,912
Edit

You may be able to put down less than the total down payment amount of $374,912 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Lot size
6.02 acres
Year built
1990
Type
Single Family Residence

Source: MYRTLEBEACH #2422837

Loan
Remaining term
24 years, 7 months
Rate
4.07%
Monthly P&I
$666
Remaining loan balance
$124,087

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

expand content

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.

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Last updated: Nov 29, 2024 06:23 pm
Listing agent: Tiffany Tarinelli (843) 957-1119
Listing provided courtesy of: EXP Realty LLC (888) 440-2798
Details provided by MYRTLEBEACH and may not match the public record.
MLS ID: #2422837
Provided courtesy of the Coastal Carolinas MLS. Copyright ©2024 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$666/mo
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