Experience refined living in this expansive two-story residence designed with both elegance and everyday comfort in mind. The thoughtfully planned main level offers a private first-floor owner’s suite and laundry, creating effortless single-level living while still providing abundant space for family and guests. A distinguished stone-accented façade, charming, covered porch, and grand 8-foot glass entry door set a sophisticated tone from the moment you arrive. Inside, the home opens to a grand, light-filled layout highlighted by a sophisticated kitchen featuring quartz countertops, oversized island seating, walk-in pantry, 36" cabinetry, and premium stainless gas appliances. Designer wide-plank flooring flows through the main living spaces, complemented by sleek tile finishes in the baths. The dining area seamlessly transitions to a screened outdoor living space, perfect for entertaining or unwinding. The upper level offers three spacious bedrooms and a large loft, providing flexibility for a media room, executive office, or additional gathering space. Smart Home technology enhances comfort, security, and efficiency. Set within Summit at Meridian, a premier master-planned community, this property enjoys an exceptional location just minutes from The Market Common—one of Myrtle Beach’s most coveted destinations for upscale dining, boutique shopping, entertainment, and outdoor recreation. Residents will enjoy future amenities designed to rival a private club experience, including an air-conditioned indoor pickleball court, resort-style pool, hot tub, fire pit, and scenic walking and biking trails. A rare opportunity to own a generously sized, luxury-inspired home in a premier Market Common-area community.
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.
