2989 Ellesmere Cir, Myrtle Beach, SC 29579
2 beds · 2 baths · 2,095 sqft
Embrace coastal living just 15 minutes from the beach! Imagine waking up every morning to water views right outside your window. This Castle Rock floor plan, built by Pulte Homes, is nestled in the vibrant community of Berkshire Forest. Thoughtfully designed, this beautifully crafted home features a spacious upstairs LOFT—perfect for overnight guests or a second living area. The owner’s suite is a true retreat, offering picturesque lake views, a massive walk-in closet, and a spa-like bathroom with a large walk-in shower and rain head. You’ll love the peaceful ambiance and generous space, making it the ideal place to unwind. With 2 bedrooms, 2 bathrooms, a large loft, and a versatile flex room that can be used as a study, library, den, or formal dining room, this open floor plan combines elegance with functionality. Located on a serene lakefront homesite, the home’s curb appeal is enhanced by attractive landscaping that warmly welcomes you as you arrive. Thoughtful upgrades and modern conveniences abound. Enjoy relaxing on the large Southern-style front porch. Benefit from the Sentricon and Taexx termite systems, installed gutters, and fully paid-off rooftop solar panels that offer energy efficiency and significant savings on utility costs. From the moment you walk through the brand-new storm door, you’ll feel right at home. Crown molding and picture box trim add a sophisticated touch, while the spacious living area is perfect for entertaining. The gourmet kitchen is a chef’s delight—complete with built-in appliances, sleek granite countertops, under-cabinet lighting, extra cabinets with pull-outs, and soft-close drawers and doors. Beauty and function blend seamlessly in this inviting space. Step outside to take in breathtaking lake views from your fenced-in yard with upgraded landscaping. Whether you’re sipping coffee on the screened-in porch or hosting friends and family, the outdoor space offers comfort, privacy, and room to relax. For added shade and enjoyment, the back patio features a remote-controlled SunSetter awning with built-in lighting—perfect for sunny afternoons or evening gatherings under the stars. This is more than a home—it’s a lifestyle. Located within walking distance to the community pool, pickleball courts, and dog park, this home offers easy access to the amenities that make Berkshire Forest so desirable. Enjoy sidewalks that lead directly to these popular spots, perfect for morning strolls, afternoon games, or playtime with your furry friends. Make this extraordinary space your own and start your next chapter in comfort, style, and community. Located in Myrtle Beach’s sought-after Carolina Forest area, Berkshire Forest offers a lifestyle of convenience and fun. Just steps away from River Oaks Elementary, this established natural gas community includes two amenity centers, a clubhouse, resort-style pool with a lazy river, lap pool, dog park, tennis and pickleball courts, nature trails, and a scenic fishing lake.
Source: MYRTLEBEACH #2506862
Financials
Source: Public records
Source: MYRTLEBEACH #2506862
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.