813 Silvercrest Dr, Myrtle Beach, SC 29579
4 beds · 2 baths · 1,752 sqft
Open House - Sunday, March 30th from 12-2. Welcome home to the tree lined streets of Avalon, where you are greeted by the beautiful waterfall entry, charm that flows down the main road, hugged by the picturesque live oaks that say, "welcome home". This newly updated home is MOVE IN READY. It features an open floor plan, 4 bedrooms, 2.5 bathrooms, first floor primary bedroom with ensuite. As you enter into this recently renovated home, you’ll feel the comfort and quality of the upgrades and pride of ownership throughout; from the crown molding that adorns every room, luxury vinyl plank flooring, granite countertops, new appliances, new hot water tank and a brand-new roof. The fabulous entertaining kitchen with breakfast bar counter, hosts all new stainless steel appliances, including an electric range, dishwasher, microwave and refrigerator, a stylish backsplash, new double basin sink and a pantry. Also located downstairs is a half bathroom. The rear of the home features a large screened in 40’ x 25’ patio room that is beautifully tiled, with an extended tiled patio. An entertainers dream of a bug free day or evening while enjoying watching the large screen flat television and sipping on a cool beverage or that morning cup of coffee. The back yard is completely fenced in with a white vinyl privacy fence, creating your own private retreat. The spacious backyard even has a storage shed and garden area. The well-manicured lawn and gardens come with irrigation to help those summer flowers bloom. On the upper level of the home you will find three beautifully designed additional bedrooms, all with their own closets and ceiling fans. The upstairs landing includes a linen closet and large bathroom with single sink, large vanity, a separate water closet and a tub/shower combo. This home is located in the Avalon community in Carolina Forest with low HOA dues. Enjoy all of the amenities the Avalon community has to offer including a pool, playground, basketball court, soccer and baseball fields. Avalon is in the center of Carolina Forest and offers easy access to shopping, dining, schools, grocery stores and more with just a 15-minute drive to the beach! Schedule your tour today!
Source: MYRTLEBEACH #2505081
Financials
Source: Public records
Source: MYRTLEBEACH #2505081
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.