Welcome to this beautifully updated 4-bedroom, 3-bath home in the highly desirable Arrowhead community, offering modern upgrades, thoughtful accessibility features, and stylish finishes throughout. Step inside to find new luxury vinyl flooring throughout the home, creating a seamless and low-maintenance living space. The fully remodeled kitchen is a standout, featuring brand-new soft-close cabinetry with custom pull-out drawers for added convenience and organization, granite countertops, tile backsplash, under-cabinet LED lighting, and new stainless-steel appliances including a refrigerator, dishwasher, and garbage disposal, perfect for both everyday living and entertaining. The primary suite has been beautifully enhanced with a new tiled walk-in shower, new tile flooring, a comfort-height toilet, and a stylish barn door entry, blending modern design with added accessibility. An additional bathroom has also been upgraded with a new toilet. The laundry room has been thoughtfully upgraded for functionality, featuring new cabinetry, a laundry sink, drop-down folding table, and new washer and dryer with storage drawers underneath. Additional interior improvements include new faux wood blinds throughout most of the home, adding privacy and a clean, updated look. Outdoor living is just as impressive with a new stone patio perfect for relaxing or entertaining, along with new landscaping on the front and sides of the home with decorative curbing. The driveway has also been widened, providing additional parking space and convenience. Additional improvements include a roof replaced in 2019, an air purifier installed in the attic for enhanced indoor air quality, and security equipment that will convey with the home, offering added peace of mind for the new owner. This move-in ready home combines modern updates, functional upgrades, and comfortable coastal living in one of Myrtle Beach’s most sought-after communities, conveniently located near golf, shopping, dining, and the beach.
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.
