344 Encore Cir, Myrtle Beach, SC 29579
3 beds · 2 baths · 1,684 sqft
Get a free consultation call with an expert in the mortgage assumption process.
STOP BY THE OPEN HOUSE SATURDAY APRIL 19TH FROM 11 AM TO 1 PM! If you're looking to live a short drive to the beaches, and everything Myrtle Beach, South Carolina has to offer while maintaining a cozy community feel, here it is! This beautiful and meticulously, well maintained home is situated in Highland Park on one of the largest lots in the community; right at one-third of an acre of property with a pond view and walking distance to the community pool! This three bedroom, two bathroom, two car garage home has MANY DESIRABLE FEATURES including: a concrete sidewalk from the front driveway to an extra spacious concrete patio in the back- surrounded by beautiful and well maintained landscaping, a private well for the irrigation system, lifestyle screen for the garage, an open concept, split bedroom plan, all hard flooring throughout (no carpeting), updated light fixtures, cathedral ceiling in the great room, tray ceiling in the primary bedroom and an ensuite, a vibrant beach theme color palette, bay windows in every room with the kitchen bay window featuring a custom made bench with extra storage, and one of the extra bedrooms also features a high ceiling. Don't forget to check out the virtual tour link and call your Realtor to schedule an in person showing and envision this life at the beach all your own!
Source: MYRTLEBEACH #2506572
Source: MYRTLEBEACH #2506572
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.