2059 Borgata Loop Longs, SC 29568
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About this home
Spacious 6-Bedroom Home with Tremendous Potential in Sun Colony, Longs Discover the possibilities in this generously sized 6-bedroom, 3-bathroom home located in the sought-after Sun Colony community. With one bedroom on the main floor and a spacious primary suite upstairs—alongside four additional bedrooms—this layout offers room to grow and flexibility for any lifestyle. The large living area is filled with natural light and flows seamlessly into the kitchen, which features stainless steel appliances, a gas range, granite countertops, a central island with breakfast bar, and a walk-in pantry. A bonus area at the top of the stairs and a full laundry room add even more functional space. The primary suite includes a roomy walk-in closet, double-sink vanity, and oversized shower—perfect for relaxing after a long day. Step outside to the expansive fenced backyard and patio, ideal for outdoor living and entertaining or just watching the golfers play the course. This home needs TLC and updates throughout, but it offers a rare opportunity to create your dream home in a desirable location. Conveniently situated just off Hwy 9, you're minutes from Cherry Grove Beach, Barefoot Landing, the Intracoastal Waterway, and top-tier golf, dining, shopping, and entertainment. Bring your vision and schedule a showing today—this home is full of potential!
Source: MYRTLEBEACH #2512294
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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.