6804 N Ocean Blvd # 1147 Unit 1147
Myrtle Beach, SC 29572
1 beds · 1 baths · 620 sqft
$169,900
Get prequalifiedAbout this home
Welcome to your dream coastal getaway! This stunning 1-bedroom, 1-bath condominium boasts breathtaking, unobstructed views of the sparkling south side coastal beach and ocean. Imagine sipping your morning coffee or unwinding with a cocktail on not just one, but two private balconies—a rare find in the building—where you can soak in the mesmerizing sunsets that paint the sky each evening. Step inside to discover a fully furnished unit, granite countertops, kitchen appliances, and huge flat-screen TVs for your entertainment. The cozy yet spacious layout includes a 2 queen-size beds and a convenient Murphy bed in the living room, comfortably accommodating up to 6 guests, making it perfect for a romantic getaway or a fun-filled family vacation. But that's not all! Dive into a world of relaxation with fantastic amenities, including heated indoor and outdoor pools, a lazy river for endless fun, and fitness center to keep you active, or explore the vibrant attractions of the surrounding area—everything you need for an unforgettable experience is just a stone's throw away! Centrally located at the coveted Monterey Bay Resort, this condo is your ticket to a slice of paradise. Don’t miss out on this incredible opportunity to live the beach life you’ve always dreamed of! ???? The seller's loan is assumable at 4.9% with no money down.
Source: MYRTLEBEACH #2428886
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.