Discover this charming all-brick, one-level ranch home nestled in the tranquil neighborhood of Pawleys Plantation. Offering 1,835 sq ft of comfortable living space with 3 bedrooms and 2 bathrooms, this move-in ready beauty is being offered furnished and designed for easy everyday living and entertaining. Inside, you will love the open and airy floor plan with vaulted ceilings, abundant natural light and a seamless flow between the great room, dining area and kitchen. The great room features a cozy gas fireplace with built-ins, creating a warm gathering space and offering ample room for entertaining. The generous kitchen layout boasts stainless steel appliances, an abundance of cabinets for storage and sufficient counter space for the chef of the home! The inviting primary bedroom with walk-in closet accommodates a king size bed and leaves enough room for a dresser and nightstands. The ensuite includes dual vanities, a whirlpool tub and a separate dedicated shower. Two additional bedrooms share a hall bath, providing flexibility for guests, family, or even a home office! A bright and spacious Carolina Room completes the living space and is sure to be your serene oasis, sitting area or favorite hang out spot! Outside, enjoy lush landscaping and the privacy of a quiet cul-de-sac setting. A super-sized paver patio off the Carolina Room overlooks a private, wooded backyard, creating a peaceful ambiance and an inviting spot to relax or host friends. A laundry room with washer and dryer along with a 2- car garage complete the floor plan of this spectacular home. Plantation shutters throughout the home give that extra special southern touch! New HVAC and Water Heater in 2024!!! Located in the desirable gated, golf course community of Pawleys Plantation, featuring the award-winning Jack Nicklaus signature golf course, one of the areas most challenging courses, beautifully built along the breathtaking salt marshes and conveniently located near the beach and close to local dining and shopping, this inviting home captures the best of coastal Lowcountry living. Don't miss an opportunity to become a part of the laid-back lifestyle of Pawleys Island!!! Call and schedule your showing today!!! Some photos in this listing have been virtually staged.
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.
