780 Phipps Ln, Columbia, SC 29209
3 beds · 2 baths · 1,312 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Stylish, Low-Maintenance Living in a Prime Location! Looking for your first home or ready to ditch the stairs? This move-in ready, one-story vinyl construction home has all the modern features and a location that can’t be beat! Tucked in a super convenient southeast neighborhood, you're just minutes from your favorite restaurants, shopping, schools, and even quick interstate access for easy commutes. Inside, you’ll love the open layout—perfect for hosting game nights, brunches, or just kicking back and binge-watching in style. The kitchen is a total win with granite countertops, an island with seating, plentiful cabinet space, a walk-in pantry, and room for a full-size dining table. The split-bedroom layout means the Owner’s Suite is your private chill zone, complete with a roomy walk-in closet and a private bath with an oversized shower. Bonus: the Laundry Room is just steps away and has plenty of space for organizing your life (hello, vertical storage!). Out back, there's a patio and plenty of yard space for pups, plants, or backyard hangouts—and when it heats up, you’ve got access to the awesome neighborhood pool. Oh, and did we mention the tankless water heater? Endless hot showers, anyone? Whether you're working from home, building your life, or looking for easy-living vibes, this one checks all the boxes. Come see it today—it won’t last long! Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
Source: COLUMBIASC #606651
All values shown are estimated costs / mo.
Source: Public records
Source: COLUMBIASC #606651
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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 and Equal Opportunity Act.