6706 Bryant St Apt B # B, Myrtle Beach, SC 29572
2 beds · 1 baths · 960 sqft
Welcome to your cozy coastal retreat! This charming two-bedroom, one-and-a-half bathroom townhome offers a bright and inviting living space with tasteful updates and thoughtful design. On the first floor, you'll find a welcoming living room, a convenient laundry area, a half bath, and a well-appointed kitchen with an eat-in dining space. French doors off the dining space lead to your private patio, complete with an attached storage area, perfect for keeping your beach gear organized. The second floor features two comfortable bedrooms and a full bathroom, offering privacy and a peaceful retreat at the end of the day. The spacious primary bedroom boasts plush carpeting, abundant natural light, and ample closet space. Residents can also enjoy sunny days by the community pool. Located just a short walk to the beach and near top-rated restaurants, shopping, golf courses, and attractions, this townhome is ideal as a primary residence, a beach getaway, or an investment property. A brand, new roof and gutters were installed December 2024.
Source: MYRTLEBEACH #2500234
Financials
Source: Public records
Source: MYRTLEBEACH #2500234
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.