Welcome to 102 Steeplechase Drive, a home that truly balances thoughtful upgrades with a setting that feels like a breath of fresh air. Open the door and you’re greeted by a bright, flowing main level that simply feels good to be in—whether you're making your morning coffee, hosting friends, or enjoying a quiet Sunday at home. The updated kitchen blends style and functionality, featuring a premium stainless-steel appliance package, including a double oven, and provides ample prep space for entertaining. It’s a thoughtful layout that keeps you connected to the rest of the home—and that’s only the beginning. One of the best parts? The peaceful, open-field views enjoyed from multiple rooms, a rare feature that offers both calm and privacy—something you’ll appreciate every single day without even trying. Step outside to the rear deck and it becomes clear this home was made for relaxing, gathering, and taking in the scenery as the seasons change. Upstairs, the primary suite has that “wow, this is my room” feeling, with soaring vaulted ceilings, beautiful bay windows, and a walk-in closet that lets everything have its place. The en-suite bath was designed with real unwinding in mind, featuring a deep soaking tub and a separate shower that brings a bit of everyday luxury to your routine. The second-floor laundry room keeps life easier in the smartest way—right where you need it, without giving up the space that makes a home livable. The basement is big, open, and full of possibilities. Maybe it becomes your workout space, your movie den, a fun playroom, your craft studio, or stays exactly the way it is—ready to support whatever your life needs most. The home boasts a new roof and skylight, along with an updated HVAC system that includes a Wi-Fi–enabled touchscreen thermostat controllable through an app, providing a valuable bonus of comfort and confidence for years to come. Located in the charming and well-kept Montgomery Greene neighborhood, the area offers tree-lined streets, a welcoming atmosphere, and quick access to the everyday conveniences we all rely on. It’s a home that doesn’t just check boxes—it creates a feeling. And that feeling is simply, “I can really live here.”
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.
