1609 Palmetto Palm Dr, Myrtle Beach, SC 29579
3 beds · 2 baths · 2,100 sqft
Exquisite Living Awaits: A Beautiful Home with a Backyard Oasis! Location, Location, Location! Nestled in one of the most desirable neighborhoods The Palms at Sago Plantation minutes from Legends Golf Course, this home offers not just a place to live, but a lifestyle to cherish. From the moment you arrive, you’ll be captivated by the prime location and the luxurious amenities that await inside and out. Step into this spacious open-concept home, where natural light pours through large windows, enhancing the modern design and creating a warm, inviting atmosphere. The flow between the living, dining, and kitchen areas is perfect for family gatherings, entertaining friends, or simply enjoying a peaceful moment with a cup of coffee. One of the most remarkable features of this home is the serene pond in the backyard. Imagine waking up each morning to the tranquil sounds of nature and ending your day watching the sunset reflect off the water’s surface. The pond serves as the perfect backdrop for outdoor living, with a fully fenced in backyard perfect for unwinding after a busy day or simply enjoying the beauty of your surroundings. This home has been thoughtfully designed with an open concept floor plan, providing a seamless connection between the indoor and outdoor spaces. The large, well-appointed kitchen is complete with modern stainless-steel appliances, ample counter space, and a view that extends to the lush greenery beyond. The living room, with its vaulted ceilings, is perfect for both relaxation and entertaining, creating a sense of spaciousness and luxury. The location couldn’t be more ideal – tucked away in a tranquil neighborhood yet conveniently close to local amenities, parks, top-rated schools, and major commuter routes. Whether you're seeking quiet evenings by the pond or easy access to shopping and dining, this location offers the best of both worlds. This home is not just a property, but a place to call home. With its stunning features, ideal location, and undeniable charm, it’s a rare find that won’t last long. Don’t miss the opportunity to make it yours!
Source: MYRTLEBEACH #2427770
Financials
Source: Public records
Source: MYRTLEBEACH #2427770
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.