VA loan
1 of 40
VA loan
$550,000

1433 Beaumont Way, Myrtle Beach, SC 29577

4 beds · - baths · sqft sqft

Desire an extraordinary residence at The Market Common in Myrtle Beach ? 1433 Beaumont Way located in the Emmens Preserve community, offers the opportunity to fulfill your home shopping criteria- and then some! Beautifully landscaped on a corner lot, this Crepe Myrtle floorplan is uniquely like no other combining elegant upgrades and offering luxurious living at it's best. A Whole Home Generac Generator and Water Filtration System (made by Westinghouse) has been installed to enhance this home's resilience and healthy living. From the moment you step inside this 4Br/3Ba beauty, you will admire the spacious Foyer that flows into the Living Area offering comfortable living and entertainment opportunities. Features such as a Gas Fireplace in the Living Area, an open Formal Dining Room trimmed with wainscotting, to an impressive Kitchen featuring a Breakfast Nook, gorgeous new granite with expansive Breakfast Bar, and a newly added Double Pantry cabinetry with pull-out drawers elevate this fine residence. Step out into the beautiful Extended Sunroom measuring 25'x13' that presents a 2nd Gas Fireplace and offers a seamless blend of indoor comfort and outdoor views that will surly be a favorite year-round retreat for all. The Sunroom also features a Mini-Split heating/cooling system, beautiful epoxy flooring and entry to the backyard. An extra gas line was installed for outdoor grilling, and a French drain to ensue proper water drainage. The irrigation system aids in easily maintaining the lovely roses and lush landscaping. The first floor offers a good sized Primary Suite including private bath with Soaking Tub, Shower and Walk-In closet. Two other bedrooms are located at the front of the home offering privacy and share a full Bathroom. Take the carpeted staircase up to a huge 20'x14.5' Bonus Room with newly installed LVP flooring and offers a Walk-In Closet and full Bath. An over-sized Laundry Room just off the Garage has a walk-in Pantry and offers plenty of space for making daily chores and storage more manageable. Admire the epoxy flooring in the spacious 2 Car Garage. More of the efficient conveniences to enjoy include Gas Stove, Gas Tankless Water Heater, Washer/Dryer, Hurricane Shutters for each window including Sunroom, and white wooden window blinds. 1433 Beaumont Way has no homes across the street but instead faces a tree line and sits just before a cul-de-sac presenting a unique blend of privacy. Just minutes away, there's access to the Woodland Path which welcomes walkers and bikers. Emmens Preserve offers it's residents a Resort Style Pool, Playground, Picnic Area, Outdoor Pavilion with Kitchen Area, Putting Green, Bocci Ball court, Horse Shoes, Dog Park, Walking and Bike trails, and lakes with fountains, swings and benches. Live close to restaurants, shopping, movies, entertainment and the Beach. Make your appt to see this Special Home today.

Interest rate 3
4.33%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,261
With Roam
$1,553
Reduce your monthly payments by $292 when you assume this mortgage.
You also save $66,399 in total interest paid.

$354,753
Edit

You may be able to put down less than the total down payment amount of $354,753 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.

Open House
Nov 23 • 12PM - 2PM
Location
Details
Home
Lot size
0.15 acres
Year built
2013
Type
Single Family Residence

Source: MYRTLEBEACH #2412204

Loan
Remaining term
18 years, 11 months
Rate
4.33%
Monthly P&I
$1,261
Remaining loan balance
$195,246

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 21, 2024 12:22 pm
Listing agent: Lisa Newman (843) 222-5472
Listing provided courtesy of: BHHS Coastal Real Estate (843) 232-0000
Details provided by MYRTLEBEACH and may not match the public record.
MLS ID: #2412204
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.
$1,261/mo
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