4637 Dogwood St, Loris, SC 29569
3 beds · 2 baths · 2,031 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome home to 4637 Dogwood St. This updated, timeless 3-bedroom, 2-bathroom brick home is 1,737 sq ft and sits on a spacious 0.51-acre lot with NO HOA! Offering the perfect blend of comfort, versatility, and freedom. Step inside to an open-concept floor plan that connects the kitchen, living, and dining areas, great for entertaining or everyday living. The kitchen is a standout with newer stainless steel appliances (dishwasher is brand new), solid surface countertops, soft close cabinets, a pantry, and a big eat in kitchen/dining area There are many amazing features in this home including the large, temperature-controlled Carolina room, perfect for morning coffee, family gatherings, or your own private retreat. Additional features include a spacious laundry/mudroom separate from the bedrooms, pull-down attic access with stairs, ceiling fans throughout, and easy-maintenance laminate flooring. Recent updates provide peace of mind, including a new roof in 2023, and HVAC, water heater, and windows replaced in 2019, plus an encapsulated crawl space for added efficiency. Outside, you’ll find a 21x25 detached garage with a coated floor, some pegboard walls, electricity, and an automatic opener—ideal as a workshop, crafting studio, resale shop, mancave, or gaming room. The adjacent covered parking area is perfect for hosting outdoor gatherings or creating a relaxing entertainment space. With plenty of room for RV or boat parking, this property offers flexibility for your lifestyle. Located near Loris’s unique shops, local restaurants, local salons and medical care centers if you need one. This home combines the best of a little bit of country living with city convenience. Buyers to verify all information and its particular use, Some photos are virtually staged to create a vision for the space.
Source: MYRTLEBEACH #2501743
All values shown are estimated costs / mo.
Source: Public records
Source: MYRTLEBEACH #2501743
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.
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.