Tucked inside the beloved Ocean Woods community, this is the kind of place people come to North Myrtle Beach hoping to find---but rarely do. Just a short stroll or golf cart ride to the sandy shoreline in the Windy Hill section, this 3-bedroom, 2-bath patio home feels like your own private coastal retreat, where mornings start with salty air and evenings end with ocean breezes. Step inside and you'll immediately notice how light and welcoming the space feels. The family room invites you to relax after a day at the beach, while the kitchen---updated with granite countertops and brand-new appliances in 2023---makes everything from quick breakfasts to laid-back dinners feel effortless. The first-floor primary suite adds everyday convenience, giving you a quiet place to unwind without ever needing to head upstairs. Upstairs, two spacious guest bedrooms offer plenty of room for friends and family, complete with new luxury vinyl plank flooring, walk-in closets, and extra attic storage---so you'll never feel short on space. What really sets this home apart is how beautifully it blends indoor and outdoor living. Picture yourself sipping coffee or winding down with a drink on the Trex balcony overlooking the pool, or hosting friends in your private enclosed patio surrounded by lush landscaping and thoughtfully designed outdoor space. It's easy to imagine making memories here. You'll also appreciate the peace of mind that comes with thoughtful updates like new windows (2019), ceiling fans in the main living areas and primary bedroom, and removable hurricane shutters. And when you're ready to explore, you're just minutes from Barefoot Landing---home to great restaurants, shopping, and local favorites like the House of Blues and Alabama Theatre. An added feature: Ocean Woods allows long-term rentals only, helping preserve the peaceful, residential feel of the community. With low HOA fees and a location that's hard to beat, this home offers that rare combination of comfort, convenience, and true coastal charm. If you've been waiting for the right beach place to come along... this might be it.
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.
