1830 Bay Tree Ln, Myrtle Beach, SC 29575
3 beds · - baths · sqft sqft
Welcome to 1830 Bay Tree Lane, a charming, updated 3-bedroom, 2-bathroom home in the desirable gated Deerfield community in Myrtle Beach, SC. Nestled just a quick car or golf cart ride from the beach, this single-level home combines convenience with coastal charm. Inside, you'll find a comfortable floor plan with open concept living. The well-appointed kitchen features a brand-new range, and recent upgrades include plush new carpet in the secondary bedrooms, while the primary bedroom, bathrooms and main living areas boast durable LVP and tile flooring. The spacious garage offers overhead storage and is pre-wired for a generator, providing flexibility and peace of mind. Thoughtful updates like a metal roof, a new HVAC system, and a recently replaced water heater (all updated since 2021) ensure modern comfort and efficiency. The encapsulated crawl space with a dehumidifier and new attic insulation adds another layer of protection and energy savings. Outside, the meticulously landscaped yard is filled with mature trees, colorful shrubs, and a productive raised garden bed that yields fresh vegetables yearly, plus blueberry bushes and an apricot tree. An irrigation system, sourced from a well, keeps the landscaping thriving. Relax on the screened back porch, featuring pet-resistant screens, or enjoy the cozy ambiance of the propane fireplace in the living room. The backyard also includes a fire pit, perfect for gatherings to roast marshmallows and create memories . Located near Myrtle Beach State Park, Target, Walmart, and a wide array of dining and shopping options, this home offers easy access to everything Myrtle Beach has to offer. Don’t miss your chance to own a beautifully maintained home in this ideal beachside community!
Source: MYRTLEBEACH #2425707
Interest rate and monthly payment estimated based on public records.
Source: MYRTLEBEACH #2425707
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: #2425707
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.