OPEN HOUSE SATURDAY 6/27/26 11 -1. Dreaming of owning a home near one of America’s most famous vacation destinations? This charming home offers the perfect opportunity to enjoy the Myrtle Beach lifestyle, whether you’re looking for a primary residence, second home, vacation getaway, or investment property. Nestled on Tranquility Lane—and honestly, the street name says it all—this is where comfort meets calm. Come experience your own little slice of tranquility today! Welcome to 1348 Tranquility Lane, Myrtle Beach, SC, located in the highly desirable Bent Oak Estates Phase 5 community in the heart of the Grand Strand. This adorable home offers the perfect combination of comfort, convenience, and coastal living in one of South Carolina’s most popular beach destinations. Featuring brand-new siding, fresh interior paint, an adorable interior layout with a quaint, cozy feel, a metal roof installed in 2018, a hot water heater replaced in 2018, and an AC system that has been consistently maintained, recently serviced, and is still going strong, this home provides peace of mind and excellent value for its next owner. Whether you’re looking for a primary residence, vacation getaway, second home, or investment property, this home is ideally situated just minutes from everything Myrtle Beach has to offer. Enjoy being only a short drive to the beautiful Atlantic Ocean beaches, approximately 5 minutes from Myrtle Beach International Airport, and conveniently located near Highway 501, Highway 17 Business, and Highway 17 Bypass, making travel throughout the Grand Strand a breeze. Residents of Bent Oak Estates Phase 5 enjoy a peaceful, family-friendly atmosphere with quiet streets while remaining close to shopping, dining, championship golf courses, entertainment, medical facilities, and some of the area’s most sought-after schools. This home is located within the Myrtle Beach School District, adding even more appeal for families seeking a strong educational community. Priced to sell at this is an excellent opportunity to own a well-maintained home in a sought-after location near the beach, with easy access to all the attractions, recreation, and coastal lifestyle that make Myrtle Beach such a desirable place to call home. Schedule your showing today—this Myrtle Beach gem won’t last long!
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.
