Unknown, Loris, SC 29569
3 beds · 2 baths · 1,793 sqft
Get a free consultation call with an expert in the mortgage assumption process.
The best of both worlds: country living close to town! Built in 2021 this home is only 3 years young offering the perfect blend of modern comfort and country living. Located on just under an acre of land outside city limits with no HOA, this home offers the freedom to bring your boat, RV, and all your toys. As you step inside, you'll be greeted by luxury vinyl plank flooring that extends throughout the main living areas, providing both durability and style. The vaulted ceiling in the Great Room, complete with a ceiling fan, creates an open and airy atmosphere perfect for relaxing or entertaining. The eat-in kitchen features granite countertops, a breakfast bar, stainless steel appliances, and a large pantry. There's also a separate formal dining room, perfect for hosting gatherings with family and friends. The split bedroom floorplan ensures maximum privacy. The master suite boasts a tray ceiling with a ceiling fan, a spacious walk-in closet, and a master bath with a double sink vanity and a walk-in shower. Outside, you'll find a screened back patio perfect for relaxing, an additional concrete slab for barbecuing, and a fenced dog run for your furry friends. A large 10x15 shed and a ride-on lawnmower are included, making yard maintenance a breeze. The 2-car garage offers extra storage, with shelving and a freezer that conveys to the new owners. Located just minutes from the shopping and downtown Loris, and the North Carolina border, while still being just 40 minutes from the beach, you'll enjoy both peaceful country living and easy access to the shopping, dining, golf and entertainment of the Myrtle Beach area.
Source: MYRTLEBEACH #2424298
All values shown are estimated costs / mo.
Source: Public records
Source: MYRTLEBEACH #2424298
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.