987 Shipmaster Ave Myrtle Beach, SC 29579
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About this home
Tucked within one of Myrtle Beach’s most desirable Intracoastal Waterway communities, 987 Shipmaster Avenue offers a rare blend of high-end design, peaceful outdoor space, and everyday functionality. This thoughtfully renovated custom home is located in the heart of Carolina Forest, close to top-rated schools, shopping, dining, and all the conveniences the area is known for. Step inside to discover a warm, refined interior filled with natural light and timeless materials. Wide-plank European white oak flooring runs throughout, setting the tone for a clean, homey aesthetic. Natural light pours in through custom European windows that frame the living spaces and bring the outdoors into the home. A veneer plaster fireplace anchors the living room with quiet sophistication, while Semco microcement finishes in the bathrooms and on the counters create a seamless, modern look. The kitchen features natural wood wall paneling, elegant surfaces, and a minimalist layout designed with both form and function in mind. Outside, the property is just as special. The backyard is peaceful and private, with a pond view and wooded backdrop that provide both beauty and seclusion. A mature pecan tree offers shady afternoons and seasonal harvests, while the recently planted banana trees promise future fruit and a lush, tropical feel. There’s even plenty of space to add a pool if that’s on your wish list. This home is located in Carolina Waterway Plantation, a custom home community with great amenities including a private boat ramp to the Intracoastal Waterway, a neighborhood pool, tennis and pickleball courts, a playground, and more. Whether you're looking for quiet mornings by the water or active weekends in the sun, this community has it all. 987 Shipmaster Avenue is not just a home, it’s a lifestyle. Elegant, dreamy, and ready to welcome you home.
Source: MYRTLEBEACH #2524523
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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.
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