What a home!!! What a location!!! Living in Windsor Plantation is the sweet life! Discover the perfect blend of coastal luxury and community charm in this stunning Lichfield II model, located in the highly coveted, gated enclave of St. David’s Township within Windsor Plantation. Built in 2018 by CalAtlantic, this well maintained home offers 2,492 heated square feet living space designed for those who appreciate both style and convenience. With 4 bedrooms and 3 full baths the home also has a formal dining room, covered front and rear outdoor spaces, a second floor bonus room with a bedroom and full bath, and over 300 square feet of storage space. The 2 car garage and sizable driveway provide enough parking for 6 vehicles. Prime location & unbeatable amenities provide a lifestyle where leisure is literally at your doorstep. This property is perfectly positioned in the neighborhood with the community clubhouse and sparkling pool just across the street. Centrally Located to the Best of the Grand Strand beyond the gates, you are minutes away from the very best attractions South Myrtle Beach has to offer. The beach, the waterway, the Market Common, the Marshwalk, and several top notch golf courses are all just minutes away. You are perfectly positioned between the vibrant atmosphere of The Market Common and the legendary seafood and nightlife of the Murrells Inlet Marshwalk. Convenient Shopping with quick access to the upscale shopping and dining options at Sayebrook and South Commons Drive ensures everything you need is right around the corner. Yes, the schools are highly rated too! Lakewood elementary and Socastee middle school are two of the best schools in the entire state. Don't miss this rare opportunity to live in a gated community so close to the clubhouse and the very best of the South Carolina coast. Call me to schedule your personal showing today!
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.
