616 Calabria Ct, Chapin, SC 29036
3 beds · 3 baths · sqft sqft
Nestled on the shores of Lake Murray in the desirable town of Chapin, SC, this stunning 3-bedroom, 2.5-bathroom home offers luxury lakefront living in the gated Paradise Cove community complete with a DEEDED BOAT SLIP and community boat launch. Enjoy effortless access to boating, canoeing, and paddleboarding right from your backyard! Spanning 2,554 sq. ft., this energy-efficient home boasts a combination of classic brick and durable fiber cement (ie Hardy Plank) siding, blending timeless style with low-maintenance durability in a thoughtfully designed floor plan with top-tier finishes and lake views from multiple rooms, including the kitchen, dining room, great room, owner’s suite, and one of the upstairs bedrooms. The gourmet kitchen boasts comfort-height countertops, a gas stovetop, double ovens vented to the exterior, walk-in pantry and filtered water at the sink. The spacious great room features elegant coffered ceilings, durable LVP flooring, and a cozy gas fireplace. The main-level owner's suite offers LVP flooring, a luxury bath with tile, and ample closet space. Upstairs, two oversized bedrooms, each with walk-in closets, are connected by a large open family room, ideal for relaxing or entertaining. Cleverly used space under the stairs for a doggy haven. Outdoors, savor scenic lake views from your screened porch with its own fireplace or relax on the expansive deck with a hot tub and built-in gas connection for grilling. The extended driveway, insulated garage with epoxy floor and work sink, and numerous upgrades, including tankless water heater, soundproofed walls, covered gutters and black aluminum fencing, make this home as functional as it is beautiful. Located just minutes from Chapin's charming dining and shopping and zoned for top-rated schools, this Lake Murray gem is ready to welcome you to an unparalleled lifestyle. There are too many upgrades to fit in this description—don’t miss seeing this extraordinary home!
Source: COLUMBIASC #596691
Interest rate and monthly payment estimated based on public records.
Source: COLUMBIASC #596691
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What 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.
MLS ID: #596691
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