1165 Ridgeway Rd, Lugoff, SC 29078
5 beds · 3 baths · 2,763 sqft
Welcome to your home in Conifer Acres! This well-built brick house sits on a spacious 1-acre lot in one of Lugoff’s most desirable neighborhoods. Built decades ago, it reflects the craftsmanship of an earlier time while offering modern updates for today’s lifestyle. With its solid construction and established setting, this home provides both durability and comfort.Inside, the home features five bedrooms and three full bathrooms, offering plenty of space for family and guests. The layout includes bright living spaces with large windows that bring in natural light. The recently updated kitchen features stainless steel appliances, butcher block countertops, and brand-new cabinets, blending practicality with a timeless look. The master suite offers vaulted ceilings and an en-suite bath, providing a private retreat. A generously sized laundry room adds convenience and storage space. The outdoor space is a true highlight, designed for both relaxation and entertaining. Expansive decks stretch across the back of the home, offering plenty of space for outdoor dining, lounging, and gathering with friends and family. Overlooking the sparkling inground pool, these decks provide the perfect spot to soak in the peaceful surroundings. Raised garden beds invite you to grow fresh vegetables and herbs, while the detached workshop offers additional storage or a dedicated space for hobbies and creative projects.Located in a quiet, established neighborhood, this home provides a peaceful setting while remaining close to shopping, dining, and top-rated schools. It offers the best of both worlds—a classic home with modern conveniences in a location that balances privacy with accessibility. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
Source: COLUMBIASC #596701
Source: COLUMBIASC #596701
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%. 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.
Other resourcesWhat 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.