654 River Oaks Dr # 14-a Unit 14-A Myrtle Beach, SC 29579
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About this home
Presenting this spacious, well-maintained first floor end unit condo with 2 bedrooms and 2 baths located in the popular River Oaks complex. The interior features tile & carpet flooring, large windows that let in plenty of natural light, a dry bar, an open floor plan with a comfortable living/dining room combo that showcases a sliding glass door that opens up to the inviting screen-in back porch just steps away to the sparkling outdoor pool. The kitchen is equipped with a range, built-in microwave, dishwasher, refrigerator, ample counter tops & cabinet spaces, a breakfast bar, a laundry closet closet with a stackable washer & dryer, and a practical pantry. The primary bedroom is well-appointed with neutral colors, a ceiling fan, a double bi-fold door closet, private access to the primary bath hosting a single sink vanity with a make up desk, a comfort station, and a classic tub/shower combo. This delightful condo is complemented by an additional bedroom, a full guest bathroom, along with extra storage space providing all the necessary features for a comfortable and convenient living experience. This condo affords you easy access to the beach and golfing along with all of the other activities and happenings in Myrtle Beach including fun eateries, award winning off-Broadway shows, public fishing piers, and intriguing shopping adventures along the Grand Strand. Conveniently located to your everyday needs, including grocery stores, banks, post offices, medical centers, doctors’ offices, and pharmacies. Check out our state of the art 3-D Virtual Tour.
Source: MYRTLEBEACH #2521675
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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.