878 Snowberry Dr, Longs, SC 29568
4 beds · - baths · sqft sqft
Great value - get more space at a lower price per square foot for an almost new home! This home qualifies for a USDA loan, which typically has a low down payment and lower interest rate than conventional - ask your lender for details. This 2020 DR Horton Smart Home is better than new construction because of the recent upgrades done by the Seller. Brand new upgraded, quality plush carpet, dramatic wood accent wall in the flex room as you enter the home, matching painted kitchen island, upgraded primary bath mirrors, and all rooms have upgraded lighting to include ceiling fans throughout, chandelier, and kitchen pendant lights that you will not get in a new construction DR Horton home. This home has an extra wide driveway and a fresh coat of paint. The kitchen has stainless steel appliances, granite countertops, large pantry, and kitchen island. This large open concept living space has room for a dining table between the kitchen and living room with sliding glass doors to screened-in porch and extra outdoor patio space with a private wooded backyard view. Hard surface flooring is on the main floor with beautiful tile in the bathrooms and laundry room. The large owner's ensuite has a double vanity, huge shower and walk-in closet. Fresh mulch beds have been added around the front and sides of the home. The home includes D.R. Horton's Connected package, an industry leading suite of smart home products. This smart technology allows homeowners to monitor and control their home from your cell phone. 57th Place is a low HOA neighborhood conveniently located just minutes from shopping and medical facilities, schools, and the North Strand Recreational Center. Cherry Grove Beach and Barefoot Landing are just a 15 minute drive. Owner is a SC licensed real estate agent.
Source: MYRTLEBEACH #2425761
Interest rate and monthly payment estimated based on public records.
Source: MYRTLEBEACH #2425761
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #2425761
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