PRICE REDUCED!!*OPEN HOUSE SUN 12/7 12-2PM* Over 2700 heated square feet on 1 floor! Built by Beazer Homes in 2019 on .31 acre lot this OPEN FLOOR RANCH plan has it all! FENCED IN BACKYARD, DINING ROOM, primary suite with a SPA TILED SHOWER including dual shower heads, a SCREENED IN PORCH, a large living area with cathedral VAULTED CEILINGS! One of the largest WATERFRONT lots in Cameron Village! The primary suite has TRAY CEILINGS and bay windows with water views,a walk in closet, along with a large spa tiled shower with a double sink vanity. The open floor ranch has 2 bedrooms with a shared full bathroom and a bonus room that could be used a 4th bedroom or an office along with a half bath for your guests all conveniently located on one level. The gorgeous kitchen is featuring 42-inch cabinets, a LARGE GRANITE ISLAND, pantry, desk area with ample cabinet space for storage, and upgraded lighting open to your living and dining area. This home also features a FORMAL DINING ROOM for your family to enjoy meals together and a CAROLINA ROOM for additional living space for you to relax watching the water views from your backyard. Enjoy the spacious feel with VAULTED CEILINGS throughout the main living areas and open kitchen. Every detail has been carefully considered, from the wood style luxury vinyl plank flooring throughout with tiled floors in bathrooms and laundry room, CROWN & CHAIR MOLDING in the foyer and dining room, TRAY CEILING in primary bedroom, no carpet, upgraded lighting and ceiling fans creating an atmosphere of refined living. Embrace the convenience of concrete landscape curbing, gutters and an IRRIGATION SYSTEM in place. Blinds, washer & dryer, and stainless steel appliances included! Solar Panels were added to home in 2020 and are completely paid off. You will benefit from lower electric bills while helping the environment. Beazer built energy star certified home with-15/R-38 insulation, externally vented microwaves, tyvek full system used for house wrap allows you to save on utility bills for the life of your home. Cameron Village amenities include pool, club house, tennis courts, basketball court and a playground. Located in St James school district and only a few miles to Surfside Beach, Myrtle Beach or the Marshwalk in Murrells Inlet! This home and ideal location is waiting for you!
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.
