457 Amicks Ferry Rd Chapin, SC 29036
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About this home
Welcome to 457 Amicks Ferry in Chapin! This beautiful home is a short commute to Lake Murray and less than 10 minutes from all that downtown Chapin has including grocery stores, schools, parks, and restaurants! This recently renovated 4-bedroom, 2.5-bath home sits on a sprawling 5-acre lot affords space, privacy and freedom with NO HOA! This home also features plenty of outdoor storage including a detached 4-bay garage/shop 1200 sqft(24x50), as well as covered RV storage with RV hookup. The spacious living room, complete with a cozy fireplace, also features a wet bar, and the kitchen boasts tons of counter and cabinet space as well as a pantry perfect for extra storage. Dedicated laundry room with a large sink. The master bedroom is a private retreat with a second fireplace and a bathroom boasting a walk-in shower and double vanity. Also upstairs, you’ll find three additional bedrooms (one of which can easily serve as a FROG for added flexibility) and a well-appointed full bath. Step outside to your screened porch or expansive deck and soak in the peaceful beauty of your 5-acre property. This property is USDA eligible! Assumable VA Loan - 4.25 Rate. Recently appraised for $595,000! Schedule your tour today! Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
Source: COLUMBIASC #619286
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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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