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Things to Know About Buying A Home in Myrtle Beach

buying oceanfront home myrtle beach scAs a Myrtle Beach Real Estate agent and broker, I’m here to provide you with valuable insights about buying a home in the beautiful city of Myrtle Beach, South Carolina. Here are some of the best things to know:

Beachfront Living: Myrtle Beach is renowned for its stunning coastline and pristine sandy beaches. Buying a oceanfront home in Myrtle Beach means you can enjoy the ultimate beachfront lifestyle, with breathtaking ocean views, direct access to the beach, and a myriad of water activities right at your doorstep.

Diverse Housing Options: Myrtle Beach offers a diverse range of housing options to suit various preferences and budgets. From luxurious oceanfront estates and high-rise condos to cozy beach cottages and family-friendly neighborhoods, there’s something for everyone. Whether you’re a retiree, a young professional, or a growing family, you’ll find a home that fits your needs.

Thriving Real Estate Market: Myrtle Beach has a thriving real estate market, making it an excellent investment opportunity. The area has seen steady growth in property values over the years, making it an attractive option for both buyers and investors. By purchasing a home in Myrtle Beach, you can enjoy potential appreciation and build equity in a desirable location.

Entertainment and Attractions: Living in Myrtle Beach means having access to an abundance of entertainment options. The city boasts world-class golf courses, thrilling amusement parks, live entertainment theaters, fine dining establishments, and a vibrant nightlife. Your home will be nestled in a city that offers endless opportunities for recreation and enjoyment.

Strong Rental Market: Myrtle Beach is a popular tourist destination, attracting millions of visitors each year. This creates a robust rental market, providing homeowners with excellent income potential. If you’re considering a vacation property or an investment property, buying a home in Myrtle Beach can be a lucrative endeavor.

Family-Friendly Environment: Myrtle Beach offers a family-friendly environment with top-notch schools, safe neighborhoods, and a range of activities for children of all ages. From educational attractions like Ripley’s Aquarium to the Myrtle Beach State Park and numerous recreational parks, there’s no shortage of opportunities for kids to explore and have fun.

Mild Climate: Myrtle Beach benefits from a mild climate, characterized by warm summers and mild winters. This means you can enjoy outdoor activities year-round, including golfing, fishing, boating, and relaxing on the beach. The pleasant weather is a significant draw for those seeking a comfortable and enjoyable lifestyle.

Sense of Community: Myrtle Beach has a strong sense of community, with friendly residents and numerous social events throughout the year. From local festivals and farmers’ markets to community gatherings, you’ll have plenty of opportunities to connect with like-minded individuals and build lasting friendships.

When buying a home in Myrtle Beach, you’ll not only be investing in a property but also immersing yourself in a vibrant coastal lifestyle. As a Myrtle Beach real estate agent, I’ll be guiding you through that process, helping you find the perfect home, and ensuring a seamless and enjoyable home buying experience.

Posted in: Home Buying

What is an FHA Loan?

An FHA loan is a type of mortgage that is insured by the Federal Housing Administration of the U.S. Department of Housing and Urban Development (HUD).

If you are looking to buy a home in Myrtle Beach, but worry that your low credit rating or debt to income ratio may stand in the way, you may be eligible for an FHA loan. Although there are still limits to how much you can borrow, FHA loans typically require a lower down payment.

Benefits 

• Down payments as low as 3.5%
• Low minimum credit scores
• 1-4 unit owner-occupied residences
• Gifts allowed
• Non-occupant co-signors allowed
• Ability to add home repair costs to loan

Considerations

• Annual up-front mortgage insurance premiums are required
• Maximum loan amounts vary by state and county
• Homebuyer education courses or minimum credit score requirements may apply
• Down payment assistance may or may not be available in your area

Since 1934, FHA loans have made it easier for all types of people, first-time homebuyers and senior citizens to realize their dream of home ownership. We are dedicated to finding the dream loan for your dream home.

*This is not a commitment to lend. All approvals are subject to underwriting guidelines. Restrictions apply. Rates may vary depending on creditworthiness, down payment, loan amount, and loan program. loanDepot is not acting on behalf of or at the direction of HUD/FHA or the federal government.

Chris Downey – “The Mortgage Guy”
NMLS# 98919
O 843.314.4555
C 703.973.6337
ChristopherDowney@Verizon.Net

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Posted in: Home Buying

Myrtle Beach Real Estate Listings

Myrtle Beach Real Estate

804 N. Oak St.
Myrtle Beach, SC 29577
843-477-1777

© 2023 Myrtle Beach Real Estate
Myrtle Beach Real Estate has made every effort to obtained the information regarding these listings from sources deemed reliable. However, we cannot warrant the complete accuracy thereof subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.

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