VA loan
1 of 40
VA loan
$1,025,000

3100 Lahinch Dr, Myrtle Beach, SC 29579

3 beds · - baths · sqft

Welcome to this luxurious, all-brick (6 inch ICF- Insulated Concrete Form) 3-bedroom, 3.5-bathroom custom-built home nestled on a nearly half-acre lot, perfectly situated on the 16th hole of the renowned Legends Golf Course. Designed with entertaining in mind, this open-concept floorplan offers a seamless flow between spaces, making it ideal for hosting family and friends. The Great Room features soaring vaulted ceilings and a cozy fireplace, providing a perfect gathering space. The expansive kitchen boasts custom cabinetry, granite countertops, wine refrigerator, trash compactor, Hoshizaki ice maker, Wolf range with double oven including matching warming drawer, Sub-Zero refrigerator and overlooks both the Dining Room and Great Room, allowing for easy interaction with guests. The primary bedroom, located on the first floor, offers a generous walk-in closet and a spa-like ensuite bath with a Jacuzzi tub, a walk-in shower, double vanity and granite countertops. Two additional spacious bedrooms are also located on the main level. The second floor is dedicated to entertainment with a game room, a fully equipped home theater, a full bathroom, and a kitchenette – ideal for hosting movie nights or family fun. (Theater and game room could be used as additional bedrooms) Step outside into the beautifully designed Carolina Room, where you can unwind and take in breathtaking views of your expansive fenced yard and the golf course beyond. The outdoor space is an entertainer's dream, featuring a heated pool, hot tub, firepit, and a outdoor bar and grill – perfect for enjoying the outdoors in every season. Additional highlights include a large main-floor laundry room, an oversized four-car garage, and a circular driveway that accommodates up to 12 vehicles, ensuring plenty of parking for guests. This home is built on a fully encapsulated concrete crawl space. This home is a true gem, offering a wealth of high-end upgrades and finishes throughout. Located just minutes from all that Myrtle Beach has to offer, this is an opportunity to own a truly spectacular property in an unbeatable location. Don’t miss out on this one-of-a-kind luxury living experience!

Interest rate 3
5.55%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$3,390
With Roam
$3,923
Reduce your monthly payments by $533 when you assume this mortgage.
You also save $178,715 in total interest paid.

$448,173
Edit

You may be able to put down less than the total down payment amount of $448,173 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Lot size
0.44 acres
Year built
2004
Type
Single Family Residence

Source: MYRTLEBEACH #2427169

Loan
Remaining term
27 years, 11 months
Rate
5.55%
Monthly P&I
$3,390
Remaining loan balance
$576,826

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

expand content

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?

expand content

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?

expand content

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?

expand content

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?

expand content

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.

View all FAQs
Last updated: Nov 29, 2024 12:18 pm
Listing agent: Sarah Miller (850) 247-8981
Listing provided courtesy of: INNOVATE Real Estate (843) 839-1649
Details provided by MYRTLEBEACH and may not match the public record.
MLS ID: #2427169
Provided courtesy of the Coastal Carolinas MLS. Copyright ©2024 of the Coastal Carolinas MLS. All rights reserved. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and the data is deemed reliable but is not guaranteed accurate by the Coastal Carolinas MLS.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$3,390/mo
View details