1098 University Forest Dr, Conway, SC 29526
3 beds · - baths · sqft
Located on a stunning DIRECT LAKE VIEW premium lot, this amazing OPEN PLAN Eaton "renaissance " model lies on ample-sized landscaped grounds in the highly desirable community of Jessica Lakes. The minute you enter the door entry of this well-maintained, NEVER rented, and move-in ready three bedrooms, 1700 sq ft home, the foyer envelops you along gorgeous wood floors into a wide cavernous spaced living room area and oversized double sliding doors with transom windows, supplying an abundance of natural light to this living space. The focal point living space features many HOMELY additions such as the 10 foot plus ceilings, a huge TV console, and an overall spacious feel. The kitchen is a CHEF'S DREAM with ample canned lighting above. Spectacular Granite counters, tiled floor, ample staggered crown molding cabinet space, stainless steel appliances, large pantry, informal breakfast nook, double sink, and a huge inviting breakfast bar for gatherings at any time of the day. As we pass through the living room a mesmerizing view can be seen of the rear grounds, featuring two wooden decks, a fire pit, and the tranquil lake. Relax on afternoons in your oversized 20' x 8' enclosed screened-in porch. The First-floor lake-view master suite showcases tray ceilings, a ceiling fan, and a bountiful walk-in closet. Team this up with a master ensuite, dual-sink vanity, roomy shower. There are two sizable bedrooms located on the other side of the house, that share a full bath. Owner comment: "nothing was more relaxing than coming home from a long day to sit and enjoy the lake view, I will miss it so". Washer /dryer in laundry Room is included, oversized two-car garage with a pull-down ladder leading up to ample storage space. The home has a brand-NEW roof installed recently in 2023. Jessica Lakes is just minutes from Historic Downtown Conway's Riverwalk, boutiques, and restaurants. Also, Jessica Lakes has access to Hwy 90 and Hwy 501 so you are not far from all the attractions of Myrtle Beach! If this was not enough to intrigue you to book a showing with your local real estate agent, residents have medical centers, pharmacies, banks, post offices, and grocery stores that are all unbelievably close by. All information should be verified and approved by buyer. Square footage is approximate and not guaranteed. Buyer is responsible for verification
Source: MYRTLEBEACH #2421538
Interest rate and monthly payment estimated based on public records.
Source: MYRTLEBEACH #2421538
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: #2421538
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.