The epitome of luxury living at 8332 Leone Circle, nestled in the enchanting ambiance of Grande Dunes in Myrtle Beach. This exquisite steel frame constructed house, poised on a sprawling .68-acre lot, offers an unparalleled lifestyle for the discerning buyer. Upon arrival, the true circular drive and the impressive three-car garage set a tone of sophistication and convenience. The grandeur begins at the front entry, where double doors open onto a medallion marble floor, leading into a world of elegance and comfort. Inside, the home boasts three generously sized bedrooms and 3.5 bathrooms, ensuring ample space for family and guests alike. The formal living room, graced with a cast stone fireplace, creates a warm, inviting atmosphere for relaxation or entertaining. Across the way, an elegant formal dining room awaits, featuring an oversized niche perfect for a buffet, setting the stage for memorable dinners. For those who work from home, the office, with its glass doors, provides both privacy and a serene view, enhancing productivity and creativity. The residence also features an elegant half bath, adding to the refi ned character of the space. Culinary enthusiasts will revel in the kitchen, a chef's dream with a copper range hood, abundant prep space, and a well-appointed pantry. Adjacent to the kitchen, the great room, with its coffered ceiling detail and custom 4-inch shutters, offers a seamless flow for gatherings. The primary suite is a sanctuary of relaxation, featuring a large soaking tub and an expansive open shower, while two guest rooms with en-suites ensure comfort for all. Outside, the vast backyard is a private oasis, complete with a pool and spa, ideal for South Carolina's sunny days. Pool parties will definitely be in your future. This residence is more than a home; it is a statement of grandeur and grace, waiting for you to begin your next chapter. As an owner in Grande Dunes ,you have access to the 25,000 square foot Ocean Club, where you can enjoy fine dining, happy hour outings, oceanfront pools with food and beverage service, private beach entrance, beach chair service, and other fun activities. Additionally, the community has two 18-hole golf courses,a deep-water marina, and a Har-tru tennis facility.
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.
