457 Amicks Ferry Rd, Chapin, SC 29036
4 beds · 3 baths · 3,279 sqft
* There is a tenant in place, please do not disturb * Welcome to 457 Amicks Ferry Rd, a beautifully updated 4-bedroom, 2.5-bath home on a sprawling 5-acre lot. Say goodbye to HOA fees and storage costs—this property includes on-site boat/RV storage and a detached 4-bay garage, perfect for all your vehicles, hobbies, and more. This home has been thoughtfully updated to provide comfort and style. Recent improvements include a new roof (July 2023), new LVP flooring (August 2023), and fresh paint both inside and out (August 2023). The lush lawn has been rejuvenated with new sod (September 2023), and the carpets were steam cleaned and deodorized in June 2024, making this home move-in ready. Inside, you’ll love the open, light-filled floor plan. The spacious living room, complete with a cozy fireplace, flows seamlessly into the wet bar area and kitchen—ideal for entertaining. The chef’s kitchen offers ample counter and cabinet space, perfect for meal prep and storage. The owner’s suite is a true retreat with a second fireplace and a spa-like en suite featuring a luxurious walk-in shower. Step outside to enjoy the serene privacy of your 5-acre property from the screened-in porch or the expansive deck. Whether you’re sipping your morning coffee or hosting a BBQ, this outdoor space is perfect for enjoying South Carolina’s beautiful weather. Schedule your viewing today! Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
Source: COLUMBIASC #603205
Financials
Source: COLUMBIASC #603205
Source: Public records
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.