Discover the ultimate homestead opportunity backing to the Little River—a truly self-sufficient, operational mini-farm paired with an updated 3 bedroom, 2.5 bath Cape Cod featuring a wrap-around porch and a long list of recent upgrades! This property is fully set up and ready for your animals and agricultural goals. The hard work is already done with four electric-fenced pig paddocks with a load-out area, plus infrastructure to raise rabbits, hens, chickens, quail, and more. Enjoy excellent grazing fields for chicken and rabbits or additional livestock. Property includes three storage sheds (two with metal roofs), multiple lean-to shelters, a main coop with a “run” in the fenced backyard, and a second coop and “run” in the side yard. A separate dog yard, dog door, and ramp to an exterior kennel make animal management simple & carefree. Some equipment conveys, including a tractor with plow and mower deck, select hutches, and several animal tractors for pasture rotation. A solar system and battery bank help power chick brooders and the outdoor wood stove during outages. The home also features an exterior generator hook-up (needs an automatic transfer switch) for whole-home readiness. Gardeners will appreciate the multiple garden areas and the impressive 10’ × 35’ polycarbonate greenhouse with temperature-controlled ventilation. A recently built processing area with composite floors. (Scalder and plucker do not convey) Inside, the home features multiple heat sources including a zoned heat pump with central air, a large whole-home wood furnace that ducts hot air directly into the house, a ventless gas fireplace with an owned propane tank, and both electric and propane tankless water heaters. The kitchen was remodeled in 2020 with newer appliances. Beautiful hardwood floors run throughout most of the main level. A new 30-year roof was installed in 2024. Outside, enjoy an established permaculture landscape offering blueberries, apples, persimmon, peaches, figs, paw-paw, raspberries, thornless blackberries, kiwis, grapes, service berries, golden currants, goji berries, comfrey, elderberries, multiple mulberry varieties, and black walnut trees!! —your own private harvest at home! A small trailer for dump runs also conveys. Take a short walk down to your very own stretch of the Little River and enjoy abundant wildlife—hawks, eagles, owls, deer, beaver, and river otter. The river also offers excellent fishing with bass, perch, bluegill, catfish, and chain pickerel. This is a fully functional mini-farm—bring your animals, or negotiate to keep the four pigs, rabbits, and laying hens already established for a seamless start. Recent Updates: • HVAC/heat pump (2017) • Well pump & pressure tank (2020) • Kitchen remodel, hardwood floors, half bath, and all toilets (2020) • Tankless electric & propane water heaters (2020) • Roof (2024) If you’re dreaming of self-sufficiency, livestock, gardening, and peaceful river access—this is your paradise!
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.
