High St, Myrtle Beach, SC 29577
3 beds · 2 baths · 2,400 sqft
Beautiful three bedroom, two bath, powder room, two car garage carriage home situated on a corner lot overlooking the lake in Emmens Preserve. The kitchen boasts granite counters, 42" cabinets, tile backsplash and stainless steel appliances. Spacious master suite offering a walk-in closet, spacious shower and double vanities. Beautifully appointed throughout with attention to details. Don't miss out on this great opportunity to call Myrtle Beach home. Community features include a spacious community pool and amenities. Market Common is less than a mile to the beach, state park, boardwalk,Springmaid Pier, ocean boulevard and so much more!! Golf carts are the transportation of choice….whether you are going up to Market Common for a movie, dinner, one of the many shows and attractions offered around the lake or at Valor Park throughout the year, shopping, the gym or whatever the occasion….or pack your cooler, throw your beach chairs on the back and head to the beach……Market Common has something for everyone!! You are not just buying a home, you are truly buying a lifestyle!!! With its great location and easy access to Hwy’s 501, 707, 544, 17 Business & By-Pass, 31, 22, 9 and all the frontage roads, getting to any point of the county is within just a short drive. You can enjoy all that the Grand Strand has to offer; including shopping, dining, healthcare, attractions, entertainment, state parks, piers, marinas, golf, Market Common, Broadway, Barefoot, Brookgreen,Intracoastal Waterway and of course the beautiful white pristine beaches of the Carolina coast. Don’t miss out on the awesome opportunity to own your own piece of paradise so you can enjoy the laid back lifestyle that only comes from living near the coast. The Grand Strand has so much to offer, for any age. Come home to the beautiful Grand Strand today! This listing information is deemed reliable, but is not guaranteed. Neither the Coastal Carolinas Association of REALTORS, nor the listing broker, nor the selling broker, nor their agents or sub-agents are responsible for the accuracy of this information. The buyer is solely responsible for verifying any and all information. This information is provided by the Coastal Carolinas Association of REALTORS for use by its members and is not intended for use for any other purpose.
Source: MYRTLEBEACH #2501867
Financials
Source: Public records
Source: MYRTLEBEACH #2501867
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.