Easy Coastal Living Meets Everyday Privacy – No HOA, Brand New Deck Tucked into the quiet community of The Glade in Longs, this well-maintained 3-bedroom, 2-bath home offers the rare combination of privacy, outdoor space, and convenience—just minutes from the beach, major roadways, and everyday amenities. Step outside to enjoy your brand-new back deck—perfect for relaxing under the trees or hosting casual gatherings in a natural setting. With a wooded backdrop and no HOA, this .27-acre property invites flexibility in how you live, landscape, and entertain. Inside, the open floor plan flows seamlessly between the spacious living room with fireplace, cozy breakfast nook, and formal dining room (also ideal as a home office or flex space). The kitchen is anchored by a walk-in pantry and conveniently located next to a large laundry room for added function. The generous primary suite includes a large walk-in closet and en-suite bath with garden tub, walk-in shower, and private water closet. Two additional bedrooms and a full bath round out the home’s livable layout. Enjoy indoor-outdoor living with a screened-in porch that connects directly to the expansive new deck and large backyard—ideal for everything from grilling to gardening. A two-car garage plus space for four additional vehicles adds even more convenience. Located minutes from restaurants, shopping, entertainment, and the North Myrtle Beach Sports Park—with quick access to Hwy 31 and Hwy 90—this home offers the best of both worlds: room to breathe, yet close to the coast.
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
