Welcome to this beautifully crafted residence where timeless elegance meets everyday comfort. Located on a quiet cul-de-sac in the prestigious community of Pelican Bay, this exceptional home offers privacy, craftmanship, and convenience just a short drive from the beaches, dining, golf, and entertainment of the sought after Grand Strand area. The homes impressive curb appeal makes a lasting statement. A welcoming front entrance, manicured landscaping, and refined architectural details set the stage for what awaits inside. Step through the front door into a bright, open interior filled with natural light and thoughtfully designed for both entertaining and relaxed living. The main living area showcases soaring ceilings, upscale finishes, and a seamless flow into the stunning gourmet kitchen. Designed to impress, the kitchen features custom cabinetry, sleek quartz countertops, high-end stainless steel appliances, and a generous island perfect for gathering. A formal dining space and open-concept layout create the ideal environment for hosting family and friends with ease. The primary suite serves as a private retreat, complete with a spa-inspired bath offering dual vanities, a walk-in shower, and a soaking tub designed for ultimate relaxation. Additional bedrooms are spacious and well-appointed, providing comfort and flexibility for guests, family, or a home office. Step outside to your own backyard sanctuary and private pool. A covered patio overlooks the beautifully landscaped yard, creating the perfect backdrop for morning coffee, evening cocktails, or a refreshing swim. Energy efficiency is top of mind with a radiant barrier beneath the roof and upgraded 2x6 exterior walls, helping to maintain comfort while keeping utility costs in check. Residents of Pelican Bay enjoy exclusive access to a private boat ramp and day dock with direct access to the Intracoastal Waterway — a true coastal lifestyle perk! 701 Shell Point Court is more than a home — it’s a lifestyle. Don’t miss your opportunity to own this exceptional property and experience refined living in one of Longs’ premier communities.
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.
