855 Riven Oak Dr Murrells Inlet, SC 29576
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About this home
Welcome to your coastal retreat in Murrells Inlet! This charming 4-bedroom, 3.5-bath home offers a unique blend of Southern charm and modern convenience, all without the restrictions of an HOA. Step inside and be captivated by the warmth of the original heart pine flooring that flows throughout the entire home. The open and airy floor plan is perfect for first-floor living, featuring a cozy living room with a fireplace, ideal for relaxing evenings. The kitchen is a chef's delight, boasting stainless steel appliances and ample counter space. A truly unique feature of this home is the converted garage, which has been transformed into a second master bedroom, providing a private and spacious sanctuary. The home also includes a Carolina room, a perfect space for enjoying your morning coffee or unwinding with a good book while overlooking the serene backyard. Outside, you'll find an inviting brick patio, perfect for entertaining or enjoying the beautiful Murrells Inlet weather. The outdoor shower is a thoughtful addition, making it easy to rinse off after a day at the beach. Speaking of which, this home is just a short golf cart ride away from the beach and the famous Murrells Inlet Marshwalk, offering a variety of dining, shopping, and entertainment options. Additional features include a new roof installed in 2023, ensuring peace of mind for years to come. Located in the highly sought-after Horry County School District, this home provides the perfect setting for families. Don't miss this opportunity to own a piece of paradise in Murrells Inlet!
Source: MYRTLEBEACH #2522865
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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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