205 Camrose Way Myrtle Beach, SC 29588
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About this home
Welcome home to this lovely 3 Bedroom 2 bath Ranch in Forestbrook Preserve! OPEN HOUSE Friday 10/24/25 11am-2pm & Sunday 10/26/25 12pm-3pm! This freshly painted 1570 sq ft home has a thoughtfully designed floorplan. A Beautiful, bright eat in kitchen with tiled floor and plenty of cabinets is perfect for preparing meals and entertaining. Some interior features giving this home character include vaulted ceilings, transom windows, ceiling fans, formal dining room, and Pocket doors. The morning room is a cheerful extra living area leading to the rear patio. The 2 guest bedrooms have new carpet. Wonderful outdoor space with concrete patio, rear fenced yard and irrigation. This home has drop down storage as well. This desirable community has an outdoor pool with low HOA fees and is minutes from Beaches, Golf, Shopping and Dining! All information is deemed reliable but not guaranteed. All measurements/square footage are approximate and not guaranteed. Buyer and buyer's agent are responsible to verify all information.
Source: MYRTLEBEACH #2518550
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.