Ridge Pointe Dr, Conway, SC 29526
3 beds · 2 baths · 2,186 sqft
Stunning 3 Bedroom, 2 Bath Home on a Pond-Front Corner Lot in a Highly Desirable Neighborhood! Welcome to this immaculate, move-in-ready home located on a spacious corner lot at the end of a peaceful cul-de-sac. This beautiful 3-bedroom, 2-bathroom home boasts an open floor plan with high ceilings and an abundance of natural light throughout. As you step inside, you’ll immediately notice the elegant faux wood blinds on all windows, adding a touch of sophistication and privacy. The spacious, open kitchen features stainless steel appliances, granite countertops, and a large eat-in area, perfect for casual dining or entertaining. The large open-concept family room features vaulted ceilings that create a sense of grandeur and openness. A cozy fireplace is the focal point of the room, perfect for chilly evenings. Expansive windows and glass back door allow natural light to flood the space and offer the perfect views of the screened in porch, blending indoor and outdoor living seamlessly. This inviting space is ideal for family gatherings, relaxation, and entertainment. The spacious primary bedroom offers tray ceilings and newly installed luxury plank vinyl (LPV) flooring. The attached primary bath is a serene retreat, featuring a double sink vanity, a stand-up shower, and a picturesque garden tub adorned with a stunning chandelier. The walk-in closet provides ample storage and adds a luxurious touch to this incredible space. Two additional generously sized bedrooms share a full bathroom, making this home perfect for families or guests. Step outside to enjoy the screened-in porch and extended patio, where you can relax and take in the peaceful views of the large pond. The house sits on an oversized .33 acre lot, equipped with sprinkler system, landscaping and curbscape. This home is equipped with high-end lighting fixtures and ceiling fans throughout, enhancing its beauty and functionality. Close and easy access to shopping, Tanger Outlets, Carolina Forest and Downtown Conway. 10 miles to the beach! Don’t miss the opportunity to own this exceptional home in a highly sought-after neighborhood. Schedule your showing today!
Source: MYRTLEBEACH #2505680
Financials
Source: Public records
Source: MYRTLEBEACH #2505680
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.