156 Parmelee Dr # B, Murrells Inlet, SC 29576
4 beds · 3 baths · 2,156 sqft
*MOTIVATED SELLER* Welcome home to your paradise property @ Parmelee! This townhome is a must see and will not disappoint you. Freshly painted from top to bottom making this unit feel new and move in ready. Positioned on the back side of the community allowing the yard to be more private and secluded with the wooded buffer. Plenty of square footage to give yourself a comfortable space even when company is visiting. Enjoy the primary room being on the bottom floor so stairs are not an issue. Also, embrace your slider door walkout to the rear patio ambiance of relaxation. Natural gas connected to the main appliances is another bonus for your everyday use and monthly bill spending. Make memories in the community amenities such as the pool and club house. Cruise around meeting your neighbors on a golf cart that's allowed if you desire. Not to mention being just a 10-minute commute to the world-famous Murrells Inlet Marshwalk for all entertainment, site seeing, and restaurant cravings! Living down the road from main grocery stores and shops is perk you have for a great convenance. Don't forget the Atlantic Ocean is just 3.5 miles from your doorstep. Whether you are looking for this place to be a primary or secondary residence, take advantage of the opportunity to own where people dream to!
Source: MYRTLEBEACH #2503460
Financials
Source: Public records
Source: MYRTLEBEACH #2503460
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.