239 Yellow Rail St Murrells Inlet, SC 29576
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About this home
Welcome to a home that captures the relaxed elegance of coastal living, nestled in the peaceful community of Wren Bay, in Murrells Inlet, South Carolina. This thoughtfully designed home features LVP flooring, stainless steel appliances, granite counter tops, single level living, natural gas, and is in turn key condition! Step outside to an oversized screened in porch perfect for entertaining or a tranquil evening, the backyard is already fenced in and very spacious! The master suite is generously sized, offering plenty of space to relax. The master bathroom offers his and her sinks, ceramic tile flooring and a large walk in closet. Life in Wren Bay is both serene and social, this quiet community enjoys a sense of seclusion while being just steps from a vibrant lifestyle. Sidewalks start at the neighborhood entrance, winding throughout the community and it's perfect for walking or jogging. The beach is just minutes away, with grocery stores, restaurants, and medical offices located just a short drive away. Life here is as convenient as it is scenic. Whether you're heading out to hit some golf balls, grabbing lunch with friends, taking an afternoon swim in the community pool, or enjoying a sunset walk, everything you need is right here. Schedule your showing today and seize this great opportunity.
Source: MYRTLEBEACH #2517723
Loan details
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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.