Back on the market at no fault of the seller. Beautifully maintained and thoughtfully upgraded, this home is designed to impress from the moment you arrive. The exterior showcases curb appeal with a manicured lawn, decorative curb scaping, widened driveway, and a garage screen that adds both style and function. Inside, the bright and airy layout features blonde flooring in the main living areas and soaring ceilings. The living room stands out with its custom fireplace wall and built-ins, ceiling fan, and direct access to the spacious Carolina room. The kitchen is a chef’s delight with beautiful cabinetry, granite countertops, a breakfast bar, gas range, stylish backsplash, and a pantry. Whether hosting or relaxing, the flow from the kitchen and living room to the Carolina room makes entertaining easy. With versatile panels, you can enjoy a screened porch in warm weather or close them for comfort during cooler months. This inviting space leads to an extended patio perfect for grilling and outdoor dining, while the backyard offers a private view of mature trees and includes a storage shed for added convenience. The primary suite is a true retreat with an accent wall, sitting area, ceiling fan, and a private en-suite bathroom featuring an upgraded shower with marble surround, transom window, double sinks, and a walk-in closet. Two additional bedrooms are generously sized and share hallway access to the second full bathroom with a tub/shower combination and transom window. The garage is another highlight with pull-down storage, a utility sink, epoxy-coated floor, painted walls, and a screen that transforms the space into a comfortable area for relaxing, working, or entertaining. Other upgrades include a tankless water heater and a new irrigation system. This home combines upgrades, functionality, and timeless style, creating a move-in-ready option that buyers will love. Summerlyn community is located in the highly desirable Carolina Forest area of Myrtle Beach, affording its residents easy access to Robert Grissom Parkway, Highway 17 Bypass, and Highway 31. Residents of Summerlyn enjoy the beautiful community pond view from the amenity center that includes a clubhouse, outdoor pool, kid pool in a fenced area, and a playground. Enjoy the lifestyle this location provides with close proximity to area restaurants, shopping, entertainment, award-winning schools, and the ocean. This community is located across the street from an Horry County public library and recreation center. Carolina Forest Blvd is also bordered by a paved multipurpose path that is miles long for walking or cycling. Rest easy knowing you are only a short drive from medical centers, doctors' offices, pharmacies, banks, post offices, and grocery stores. HOA information has been provided to the best of our ability. All information should be verified and approved by buyer. Square footage is approximate and not guaranteed. Buyer is responsible for verification.
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.
