3486 Bethel Chapel Rd Loris, SC 29569
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About this home
Escape to serene country living in this beautifully remodeled ranch-style home, nestled on nearly an acre of land in the peaceful heart of Loris, SC. Just 25 minutes from historic downtown Conway and 30 minutes from the sandy shores of the beach, this move-in-ready retreat offers the perfect blend of tranquil rural charm and coastal convenience. The interior boasts modern upgrades, including fresh paint, new flooring, updated electrical, a new water heater, and a 2022 HVAC system with all-new ventilation, all connected to reliable city water. The expansive backyard provides endless possibilities for gardening, recreation, or future expansions, while the fully fenced front yard is perfect for pets to roam freely. Relax on the covered front porch, savoring quiet evenings and the beauty of country sunsets, or utilize the versatile out-building for storage, a workshop, or your creative projects. With no HOA, you can embrace the freedom to live life on your terms in a rare, restriction-free property. Ideal for retirees, families, or anyone seeking a peaceful lifestyle, this gem is increasingly hard to find in such a prime location. Contact the listing agent today for a private showing!
Source: MYRTLEBEACH #2523334
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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.