216 Beachwood Dr NW, Calabash, NC 28467
2 beds · 3 baths · sqft sqft
This is the home you have been searching for!!! 216 Beachwood Dr NW, has recently been completely upgraded with quality finishes throughout!!! From new Luxury Vinyl flooring and new kitchen cabinetry to quartz counter tops and all new Kitchen Aid stainless appliances, the owners spared no expense in the upgrades. Everything you see has been replaced and painted, the list is just too long to go into every detail! Relax reading a book in the attached sunroom, or take it out back to enjoy the outdoors on your rear porch or outdoor dining area. This home really checks all the boxes. All of this sitting on an enormous lot with a fresh gravel driveway leading to a detached garage and storage building. Ocean Forest is a unique community with a less restrictive HOA, located in beautiful Brunswick County close to all area beaches and just a short drive to all of the shopping and dining that Myrtle Beach and North Myrtle Beach have to offer. Do not delay, a home like this will not last long!!!
Source: NORTHCAROLINAREGIONAL #100466719
Interest rate and monthly payment estimated based on public records.
Source: NORTHCAROLINAREGIONAL #100466719
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: #100466719
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.