615 Pine Meadow Ct, Chapin, SC 29036
4 beds · 2 baths · 2,091 sqft
Experience the best of lake living in this charming 4-bedroom, 2-bath home on the stunning shores of Lake Murray! Your own lakeside paradise awaits, where endless activities beckon, from water sports to relaxing on your private dock. With direct access to Lake Murray, this home truly captures the essence of lake living and provides limitless possibilities for both adventure and relaxation. The main level of the home features an open-concept kitchen and living room with views of the lake, along with 2 cozy bedrooms and a full bath. Upstairs, you'll find a spacious bedroom and a versatile loft area that can be transformed into a home office or reading nook. The basement, with its own private entrance, adds another layer of privacy and functionality. It boasts a bedroom and full bathroom, presenting the perfect setup for a master suite, in-law suite, or a secluded guest retreat. The flexibility of this space allows you to accommodate family or visitors with ease, all while maintaining privacy. Boating, fishing, swimming, or simply soaking in the serene lake views - this property provides everything you need to embrace the outdoors. Don't miss the opportunity to make this lakefront home your own! Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
Source: COLUMBIASC #593476
Financials
Source: COLUMBIASC #593476
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.
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