Welcome to 145 Indian Grass Drive in the highly sought-after community of Chapin, South Carolina — a spacious and beautifully maintained traditional brick home offering the perfect blend of comfort, functionality, and location. This 5-bedroom, 3 full bath home provides the space today’s buyers are looking for, with a flexible floor plan designed to fit a variety of lifestyles. 9 foot ceilings throughout. At the time of construction the 2 story foyer was changed to 1 story so 2 additional bedrooms have walk in closets and the additonal living space. In addition to the generously sized bedrooms, the home provides versality with featuring a flex room that can easily serve as a home sitting area, home office, playroom, homeschool space, or formal living room; Breakfast/ Informal eating area, bar, Great room with fireplace, and a formal dining room. Upgraded cabinets w/soft close throughout home. Fenced yard, and polyaspartic coated floors in the garage and screened porch. This one is truly "move in ready".Recent updates provide peace of mind and fresh appeal, including new paint and carpet completed in April 2026. Major system improvements have already been handled with both 2 ton HVAC units replaced in 2019 and 2021, and on scheduled maintenance plan helping provide energy efficiency and long-term value. Seller providing a 12 month home warranty upon closing for additional peace of mind. From the timeless traditional brick exterior to the well-designed interior layout, this home offers both character and practicality. This one has the things buyers want that you can't get w/new construction at this price. Conveniently located near award-winning Chapin schools, shopping, dining, Lake Murray access, and major commuter routes, this property places you in one of the Midlands’ most desirable areas while still offering the comfort of a small neighborhood setting.If you’ve been searching for space, updates, and a prime Chapin location wrapped into one exceptional property, 145 Indian Grass Drive deserves a closer look. Agent Owner of the property. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
