Welcome to this beautifully appointed 3-bedroom, 2-bathroom home located in the peaceful and sought-after community of Turning Pines. Designed with both comfort and style in mind, this residence features a blend of hardwood, tile, and all new carpet flooring, along with impressive vaulted ceilings that enhance the sense of space throughout. Step inside to find a formal dining area perfect for hosting gatherings, while the spacious living room is filled with natural light, creating a warm and inviting ambiance. The thoughtfully designed kitchen is a standout, offering newer stainless steel appliances, granite countertops, and crown-molded cabinetry for a touch of timeless elegance. A bright breakfast nook provides the perfect spot to start your day, and a conveniently located laundry room adds everyday practicality. One of the home’s most appealing features is the newly built 14' x 10' sunroom with new windows recently installed—an ideal space for relaxing, entertaining, or enjoying quiet moments. The primary suite serves as a private retreat, complete with vaulted ceilings, a ceiling fan, a generous walk-in closet, and an ensuite bath. The bathroom includes a single-sink vanity, linen storage, a comfort station, and a spacious step-in shower for a spa-like experience. Two additional bedrooms offer flexibility for guests, a home office, or hobbies, and a full guest bathroom ensures convenience for all. This home also features four walk-in closets because you can never have enough storage space. Additional highlights include a three-car attached garage, providing ample storage and parking. Outdoors, you'll really appreciate the 20' retractable awning, large patio and warm fire pit for the cool nights. As if all these upgrades weren't enough, the sellers are leaving some of their tasteful furnishings for the new homeowners: a solid maple dining room set, four swivel chairs, a large buffet, a wall clock, custom hurricane shutters, and a large outdoor grill and fire pit. Situated just a short drive from Myrtle Beach, this home offers easy access to beautiful beaches, top-rated golf courses, dining, entertainment, shopping along the Grand Strand, and everyday essentials such as grocery stores, medical facilities, and more. This exceptional property blends comfort, elegance, and location—making it a perfect place to call home.
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.
