261 Kelsey Blvd, Charleston, SC 29492
3 beds · 3 baths · sqft
Charming Townhome in Desirable Beresford Commons!Welcome to The Ellington - the largest floor plan in the popular Beresford Commons community! This spacious and thoughtfully designed townhome offers a perfect blend of comfort and style.Step inside to find an open and airy living space with soaring high ceilings and an impressive loft that overlooks the living room, creating a grand and open feel. The home features an oversized main level primary and beautiful hardwood floors in the main living areas, new granite countertops and elegant tile flooring in the kitchen. You'll notice brand-new carpeting throughout with fresh paint making the home feel modern and move-in ready.Enjoy the convenience of a 1-car attached garage, as well as a covered front porch and a private back patio, perfect for relaxing or entertaining. This home also provides plenty of natural light and a functional layout that makes it ideal for both everyday living and hosting guests. Located just a short drive to I-526, Daniel Island, and Mt. Pleasant, and zoned for the highly regarded Philip Simmons Schools, this townhome offers both the charm of a quiet community and the convenience of nearby amenities and easy access to major routes. Don't miss the opportunity to make this well-kept townhome your own!
Source: CTAR #24029321
Interest rate and monthly payment estimated based on public records.
Source: CTAR #24029321
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #24029321
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.