Common Dr, Myrtle Beach, SC 29579
4 beds · 3 baths · 1,964 sqft
Within the secure, gated community of Harborview, situated along the Intracoastal Waterway, this exceptional Laurel model home presents a refined coastal lifestyle. This single-level residence provides four bedrooms and three full baths, designed for seamless living and effortless entertaining. The master suite is a true retreat, featuring tray ceilings and a luxurious jetted bath with seperate shower and a soothing rain shower fixture. This home benefits from a natural gas community with tankless hot water, ensuring consistent comfort. Exterior features include inviting covered front and back porches, an efficient irrigation system, protective gutters, and durable Color Plus James Hardie Plank siding, all contributing to the home's curb appeal and longevity. Being ENERGY STAR CERTIFIED, the home prioritizes energy efficiency, while partial views of the Intracoastal Waterway offer a serene backdrop. Significant upgrades enhance the home's functionality and enjoyment, including a whole-house generator for uninterrupted power, an epoxied garage floor with practical overhead storage, a 10'X23'2" Sunspace three-season sunroom for year-round enjoyment, an additional back patio with a retractable sun awning for comfortable outdoor living, and a separate patio with a spa and retractable shades for enhanced privacy. Hurricane shutters provide essential protection against inclement weather, making this home a haven of comfort, convenience, and security, all within easy reach of shopping, dining, entertainment, and the beach.
Source: MYRTLEBEACH #2507020
Financials
Source: MYRTLEBEACH #2507020
Source: Public records
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%. 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.
Other resourcesWhat 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.