461 Spauldingwood Rd, Little River, SC 29566
3 beds · 2 baths · 1,614 sqft
Welcome to this beautifully maintained all-brick home located at 461 Spauldingwood Rd in the peaceful Golden Estates of Little River. With 3 spacious bedrooms and 2 full bathrooms, this home offers the perfect balance of comfort, style, and convenience. Whether you're entertaining guests or enjoying a quiet evening, the open floor plan is perfect for modern living. Step into the living room, where a vaulted ceiling creates an airy and inviting space, ideal for relaxing or hosting family and friends. The heart of the home, the kitchen, features brand-new stainless steel appliances that bring both style and functionality to the space, ensuring meal prep is a breeze. A true highlight of this home is the Carolina Room, where you can unwind while enjoying views of the oversized deck, newly updated in 2023. With two ceiling fans and all-new sliding glass doors leading to the deck, it's an ideal spot for outdoor gatherings, morning coffee, or peaceful relaxation. The large deck offers ample room for entertaining and enjoying the private, fenced-in backyard. Other recent upgrades include a brand-new HVAC system (2023), a water heater replaced just 8 months ago, and a roof that was replaced in 2017. Even the plumbing underground has been updated, offering peace of mind for years to come. Additional upgrades include a gorgeous new bay window in the living room and fresh windows at the front of the home, adding to the bright and welcoming atmosphere. The property also includes convenient attached outdoor storage, perfect for your tools and equipment. Plus, with the entire lot fully fenced, you'll enjoy privacy and security for your family, pets, or outdoor hobbies. Golden Estates is an ideal location for anyone looking for a serene neighborhood while still being close to everything Little River has to offer. Just a short drive away, you'll find beautiful beaches, world-class golfing, and a variety of dining, shopping, and entertainment options. Take advantage of the area's numerous parks and nature reserves, perfect for outdoor activities, or explore the charming town of Little River with its rich history and vibrant local culture. This home truly has it all-space, style, and an unbeatable location. Don't miss your chance to make it yours. Schedule your showing today!
Source: MYRTLEBEACH #2502945
Financials
Source: Public records
Source: MYRTLEBEACH #2502945
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.