229 Maidens Choice Rd Conway, SC 29527
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About this home
Newly constructed 3 bedroom/2 bath single family home located in the charming Windsor Farms community with low HOA fees. The kitchen is well equipped with stainless steel appliances, cabinets that include crown and soft closing drawers, two pantries, breakfast bar, with a bay window dining area and upgraded lighting. The interior boasts 9ft and/or vaulted ceilings, open floor plan, round bullnose corners, LED lighting and no carpet. Generous laundry area, walk-in coat closet, linen closet and guest bath located in the hallway for convenience to all bedrooms. Primary bedroom includes a large walk in closet with ensuite bath featuring a vanity, shower/tub combo and large linen closet. 2 guest bedrooms offering plenty of room for your family and friends. The exterior of this home includes a 2 car garage with pull down attic storage access, rear covered porch/patio, front gutters, and concrete walkway. Windsor Farms is located 5 miles from the restaurants, shopping, and sites of historic downtown Conway. You are only 30 minutes from all the attractions and amenities of Myrtle Beach including sandy beaches, fine dining, entertainment, golf courses, and shopping experiences the Grand Strand has to offer. Schedule your showing today before this one gets away!
Source: MYRTLEBEACH #2518757
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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.