Astoria Park Loop, Conway, SC 29526
5 beds · 2 baths · 2,689 sqft
OPEN HOUSE SAT APRIL 5TH 12-2PM. Welcome to this five bedroom home located in Conway’s Astoria Park! This home has everything that you’re looking for. As you enter the home, the formal dining room greets you adorned with a charming cauffered ceiling, perfectly setting the ambiance for dinners and entertaining guests. The living room, featuring a tray ceiling and ceiling fan, invites relaxation and cozy gatherings. At the heart of this home is a chef’s paradise. The large kitchen features plenty of cabinets, work space, a tasteful tile backsplash, classic farmhouse style sink, equipped with stainless steel appliances, and a butler’s pantry providing ample storage. The kitchen island provides additional seating options, and a second dining area offers extra space for meals. The owner’s suite is conveniently located on the main level and features a tray ceiling and a ceiling fan. The en suite bathroom boasts double sinks, a stand-alone shower, a soothing garden tub, linen closet, separate water closet and a large walk-in closet. The home features LVP flooring throughout the main living areas and stair treads. A convenient half-bath completes the downstairs layout. The garage functions as lively game room, including upgraded flooring, a garage screen, ceiling fan, and AC mini split year-round enjoyment. Upstairs find four additional well-sized bedrooms, and a full bath, equipped with dual vanities and a tub-shower combo. Additionally upstairs there is a large walk-in attic storage area. The inviting backyard is complemented by a concrete patio perfect for year round BBQs, and a sizable shed for storing tools and other outdoor equipment. Astoria Park includes low HOA fees and its conveniently located —less than 10 miles—to the beautiful beaches and to historic downtown Conway. With easy access off Highway 90, enjoy the perfect balance of tranquility and accessibility. Schedule your private tour today!
Source: MYRTLEBEACH #2507875
Financials
Source: Public records
Source: MYRTLEBEACH #2507875
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.