2291 Heritage Loop, Myrtle Beach, SC 29577
3 beds · 2 baths · 2,638 sqft
Discover this beautifully designed Lennar Bradford C Model, a single-family, one story home in the desirable Market Common community of Emmens Preserve. This 3-bedroom, 2-bath home features a cozy living area with gas fireplace, vaulted ceilings, and ceiling fan. The kitchen boasts a gourmet Miele gas stove and oven, stainless steel appliances, granite countertops, raised panel cabinets, a tile backsplash and a sunny breakfast nook, complemented by a formal dining room. The primary suite offers an inviting retreat with a garden tub, separate shower, double vanities and a large walk -in closet. The laundry room includes a storage cabinet with counter space and wire shelving. Freshly painted in neutral tones and featuring brand new carpet in bedrooms, this home is move in ready. The exterior impresses with its blend of stone, cedar shake shingles, and concrete fiber siding, a covered front porch, and a screened-in back porch with dual ceiling fans. The two-car garage includes above garage storage, and the mature landscaping is enhanced by an irrigation system. The smaller yard allows for more free time to pursue hobbies, shopping, and other interests. Additional features include a whole-house surge protector and fabric hurricane panels. New HVAC in 2021. As part of Emmens Preserve, enjoy the resort style pool, grill areas, clubhouse, playground, putting greens, dog park, and walking trails, all just a short walk, bike, or golf cart ride to the shops, restaurants, beach and vibrant lifestyle Market Common offers. Schedule your tour today to see this Move In Ready Home.
Source: MYRTLEBEACH #2500199
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: MYRTLEBEACH #2500199
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.