Discover Your Dream Ranch Retreat in the Highly Sought-After Pendleton School District! Welcome home to this stunning 3-bedroom, 1.5-bath ranch-style gem nestled in the peaceful and family-friendly Rule Subdivision - where quiet streets meet unbeatable convenience! From the moment you arrive, the clean concrete driveway with extra parking pad and oversized 2-car attached garage set the tone for this well maintained property. Step inside to gorgeous laminate flooring that flows seamlessly throughout the entire home. Enjoy not one, but TWO spacious living areas perfect for relaxing or entertaining. A striking custom wood beam elegantly defines the transition between the inviting family room (complete with a classic wood-burning fireplace for cozy nights) and the open kitchen area, adding warmth, character, and that perfect touch of rustic charm. You'll love cooking and gathering in the light-filled kitchen showcasing beautiful custom cabinetry, newer appliances, and plenty of workspace for meal prep. A separate laundry room keeps everything tidy, while the tastefully updated bathrooms bring modern comfort to your daily routine. Step out back and fall in love all over again: a generous wood deck overlooks your nearly half-acre backyard - completely fenced with durable chain-link fence. Storage and hobby space abound with the extended mini barn that's wired with electricity and a plug-in heater - ideal for tools, projects, or a workshop. This rare find combines easy one-level ranch living with incredible outdoor space and thoughtful updates throughout - all in a prime location just minutes from shopping, restaurants, and I-69 for an easy commute. Top-rated Pendleton schools and a quiet, established neighborhood complete the package. With the holidays right around the corner, there's still time to close before Christmas and be hanging stockings by your very own wood-burning fireplace. Make this your forever home for the holidays & beyond. Welcome Home!
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.
