VA loan
VA loan
$315,000

137 Northside Dr, Little River, SC 29566

3 beds · - baths · sqft sqft

Welcome to 137 Northside Drive, a stunning Mediterranean-inspired retreat in the highly desirable North Village community of Little River, South Carolina. Perfectly positioned for coastal living, this home is just minutes from the pristine beaches of North Myrtle Beach, as well as nearby shopping, dining, entertainment, golf courses, hospitals, and the vibrant downtown of Main Street. This beautifully designed, single-level home offers 3 spacious bedrooms, 2 baths, and an interior load two-car garage. From the moment you arrive, you’ll be captivated by the Mediterranean-inspired architecture, highlighted by the distinctive Spanish “S” tile roofing that exudes timeless elegance. Inside, you’ll find thoughtfully chosen custom upgrades that make this home a true standout. The chef’s dream kitchen boasts commercial-grade appliances, perfect for culinary enthusiasts, while high ceilings throughout create an open, airy atmosphere. Step out to the expansive, screened-in patio—an ideal spot for relaxation and entertaining year-round. Guests will feel pampered in the spa-like bathroom, and the primary bedroom is a true retreat with a beautifully upgraded en-suite bathroom featuring a cozy fireplace for added ambiance. Nestled in the picturesque North Village community, residents enjoy scenic sidewalks and a lifestyle that embraces the best of coastal living. Experience comfort, style, and sophistication all in one incredible location.All measurements and data are deemed reliable but are not guaranteed, purchaser and or purchasers professional to verify. For more information about this listing please contact the Listing Broker OR your real estate professional.

Interest rate 3
3.75%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$815
With Roam
$1,069
Reduce your monthly payments by $254 when you assume this mortgage.
You also save $62,127 in total interest paid.

$175,949
Edit

You may be able to put down less than the total down payment amount of $175,949 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.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Lot size
0.19 acres
Year built
2007
Type
Single Family Residence

Source: MYRTLEBEACH #2425873

Loan
Remaining term
20 years, 4 months
Rate
3.75%
Monthly P&I
$815
Remaining loan balance
$139,050

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 15, 2024 07:46 pm
Listing agent: Jason Potter (843) 450-3837
Listing provided courtesy of: Grand Strand Coastal Realty (843) 712-1903
Details provided by MYRTLEBEACH and may not match the public record.
MLS ID: #2425873
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.
$815/mo
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