4 Things Smart Homeowners Always Know to Do in May Like buying a fridge or mattress when the savings are the biggest. Giving your home a little extra love this month can save you time and money.
Easy Condo Financing In Myrtle Beach
Have you wanted to buy an affordable condo in Myrtle Beach but couldn't get financing because the condo is too small, located in a resort building that has an onsite rental desk, loan amount is too low, or you need a 50% down payment? We have partnered with Ryan Leonard at Movement Mortgage and Bert Williams at Coastal Carolina National Bank to help make your dream of condo ownership a reality.
Take a look at the approved condo list from Movement Mortgage. Most of these buildings allow 3-5% down payments for primary residence purchases, 10% down for second homes, and 25% down for investment properties. I am currently working with a buyer purchasing at Forest Dunes Resort and financing their purchase with Ryan. This is a pet-friendly property for owners located in the popular Ocean Forest section of Myrtle Beach. Ocean Blvd. in this section features hotels on one side, and oceanside parks, exercise trail, and beach cabanas on the other. It's a very different vibe than strolling down Ocean Blvd. near the boardwalk area. There are 11 units currently for sale at Forest Dunes, starting at $89k.
Coastal Carolina National Bank (CCNB) offers aggressive local financing on condotels. The real estate definition of a condotel is a condo located in a hotel building with a high concentration of investor owners, resort amenities, onsite restaurant and room service, and check-in desk onsite. CCNB currently finances second homes with 25% down with approx. 4.25% interest, and 30 year amortization. For investors, the down payment requirement is 30%, interest rate closer to 4.75%, and 15 year amortization. Our team publishes a weekly HOT LIST with our favorite condo offerings. To get a copy of this list, please send an email to [email protected].
The expert real estate professionals at Lisa Belcher and Company, powered by eXp Realty look forward to discussing financing options and condo availability perfect for you and your personal situation. Just give us a call at 843-882-5472. We have smiling faces and sell real estate in beautiful places!
As an experienced professional, Lisa Belcher prides herself on blending old-fashioned customer service with up-to-the-minute technology. She recognizes the importance of establishing solid relationshi....
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