462 Bay Dr Murrells Inlet, SC 29576
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About this home
Beautiful 3 bedroom, 2 full bath raised beach home in the very desirable South Strand Community of Salters Cove! This spotless home is located East of Highway 17 Business at the South end of Garden City Beach, and is walking distance to the beautiful white sand beach and community swimming pool! The open floor plan is bright and spacious and a brand new extra large treated lumber deck offers plenty of outdoor room for family and friends to enjoy the outdoors! Down stairs there is a locking storage room that would make a great shop or craft room. Plenty of storage for law and garden tools, beach supplies etc! Loaded with recent upgrades including; New Roof, October 2025, New Deck and Stairs August 2025, New Paint Interior and Exterior October 2025, New Epoxy Floor Paint under home and in storage room, October 2025, Recently Powerwashed entire home exterior newer HVAC system, Newer Rain Gutters and down spouts, Recently Updated Bathrooms, NEW STAINLESS STEEL FRIDGE and STOVE! This home is MOVE IN READY! If you're looking for a great, close to the beach home along the South Strand, don't miss this one! Square footage not guaranteed, buyer responsable for verification.
Source: MYRTLEBEACH #2525042
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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.