1342 Highway 90 Conway, SC 29526
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About this home
Welcome Home! 1342 Highway 90 in Conway SC sits on a beautiful 1.07 high and dry tract of land close to everything the area has to offer. 7 minutes to downtown Conway or 15 minutes from Myrtle Beach, this beautiful NO HOA home has it all. Country living at it's finest. New Roof and HVAC is 2022, this 3 Bedroom 2 Bath home is over 2200 sq ft heated with a huge Carolina Room as well as an office/den bonus room with it's own entry that can be converted into a mother in law suite or a place to conduct your business! 3 spacious bedrooms including the primary with a shower and garden tub, an amazingly sized primary closet, and double sinks! The shared bathroom has just been beautifully renovated as well. Enjoy your morning coffee with a view of the lake in your backyard, not to mention enough parking between the 2 car garage, exterior car port, and long driveway to hold as big of a family get together as you could possibly need! Check this home out today!
Source: MYRTLEBEACH #2513640
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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.