350 Babylon Pine Dr Myrtle Beach, SC 29579
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About this home
Near shopping, golf, medical centers and only a short drive to the beach. Brand new HVAC. This beautifully maintained home in Sago Plantation, a gated, natural gas community, is situated on a spacious 1/3-acre lot. Offering elegant design details, quality craftsmanship, and modern upgrades throughout. Rocking chair front porch. Spacious formal dining room featuring wainscoting, a tray ceiling, and crown molding. Open-concept floor plan with vaulted ceilings. Gourmet kitchen, complete with granite countertops, tile backsplash, upgraded cabinets, a natural gas range, stainless steel appliances, pantry and an oversized breakfast bar. First-floor primary suite offers a generous walk-in closet and beautifully updated dual sink vanity. Main level features two additional bedrooms, a full bath and laundry room. The fourth bedroom upstairs can serve as a guest suite, office, playroom, or media room. Additional features include HardiPlank® siding, Mohawk Cedar View laminate flooring, tile in baths and laundry, modern lighting, gas fireplace, and a Rinnai tankless water heater. Enjoy the outdoors with a covered lanai, fenced backyard, built-in BBQ grill, lush landscaping, and a freshly painted exterior. The walk-in attic storage and two-car garage provide plenty of space for organization. Sago Plantation offers low HOA fees and a prime location adjacent to the highly acclaimed Legends Golf Resort and top-rated Carolina Forest schools. Its central location provides quick access to major highways and everything the Grand Strand has to offer.
Source: MYRTLEBEACH #2524304
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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.
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