Welcome to this stunning all-brick 4-bedroom, 3.5-bath home, on over 1/2 acre directly on the golf course in the highly sought-after Plantation Point community of Myrtle Beach. From the moment you step inside, the grand two-story foyer sets the tone for the elegance and comfort throughout. This Home is Truly a Happy Place!!! The spacious family room features a soaring vaulted ceiling, a dramatic two-story wall of windows, and a cozy fireplace, all overlooking the pool and the Myrtlewood Golf Course. Open to the designer kitchen, this space is perfect for both everyday living and entertaining, showcasing custom cabinetry, granite countertops, an L-shaped island with breakfast bar, stainless steel appliances including a warming drawer, a walk-in pantry, and a vaulted ceiling with skylights that brighten the breakfast nook. French doors from both the family room and kitchen lead seamlessly to the patio and pool area. The home also boasts formal living and dining rooms, currently transformed into a stylish club room with a full bar, wine cooler, ice maker, and its own fireplace - perfect for entertaining. The luxurious first-floor master suite is a true retreat with a vaulted ceiling, fireplace, sitting area, and private access to the rear patio. Its spa-like bath features dual vanities, a walk-in shower, large garden tub, linen closet, and oversized walk-in closet. A powder room and laundry room complete the main level. Upstairs, accessed by either of the two staircases—one in the foyer and a second off the kitchen—a catwalk overlooks the foyer on one side and family room and kitchen on the other side, leading to a private guest suite with full bath and two additional bedrooms that share a bathroom. Outside, enjoy resort-style living with a saltwater with sunshelf, a large patio, and a covered lounge with an outdoor kitchen, all within a fenced yard with golf course views. Additional highlights include a side-loading 2.5-car garage plus a detached Immaculate Tesla garage with 220 charger. Home is located in an X flood Zone!!! Ideally situated on a 0.54 Acre Lot on a quiet cul-de-sac street, this home offers the best of coastal living—just minutes from the beach via 38th Avenue, as well as top dining, shopping, and entertainment. Sellers are licensed real estate agents.
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.
