1051 Academy Dr Conway, SC 29526
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About this home
Enter this stunning and immaculate custom built 3 Bedroom, 2.5 bath with a versatile bonus room/4th bedroom situated on .51 acres with no HOA. When you step into the expansive foyer your eyes will be drawn to the formal dining room. The foyer opens into a spacious Great room with hardwood flooring, gas fireplace and recessed lighting . The open-concept design of this home flows into a large kitchen, complete with a breakfast bar, island with built-in range, beautiful cabinetry, granite countertops, stainless steel appliances; refrigerator, built-in oven, microwave, dishwasher and a functional workspace area. The Master Suite is an ode to tranquility—his and her sinks, a tiled shower, jacuzzi tub, private water closet along with his and her walk-in-closets. The soft blue hue of the accent wall beckons peace. Upstairs, a versatile bonus room/4th bedroom features LVP flooring, a wet bar, and a private porch making it perfect for guest, a home office, or mancave. A well-lit sunroom offers access to a spacious screened-in porch which sits between two decks and an unobstructed view of the above ground pool. A perfect place for entertaining or a little family R&R. You will enjoy quick access quick access to shopping, golfing, beaches and nearby colleges. Coastal Carolina University and Horry Georgetown Technical Colleges are only 3 miles away. Enjoy effortless parking with the spacious driveway, accommodating multiple vehicles and guests. The possibilities are endless.
Source: MYRTLEBEACH #2514204
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Close stress-free in 45 days, handled start to finish by Roam.
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.