Overlooking a beautifully maintained community lawn in La Plata’s sought-after Steeplechase neighborhood, this end-unit townhome offers the perfect blend of low-maintenance living, thoughtful design, and amenity-rich surroundings. With 3 bedrooms, 3 full baths, and 2 half baths spread across three finished levels, the layout provides exceptional flexibility and privacy, with a bedroom and full bath on every floor. The entry level features a rear-entry garage, convenient laundry area, private bedroom suite, and full bath—ideal for guests, multigenerational living, or a home office setup. The main living level is designed for effortless everyday living and entertaining, showcasing an open-concept kitchen, dining, and living area filled with natural light. Granite countertops, stainless steel appliances, 42-inch cabinetry, a center island with seating, and upgraded flooring create a polished yet comfortable atmosphere, while an additional half bath and secondary bedroom with its own ensuite full bath add versatility rarely found in townhome living. Tile flooring throughout the bathrooms adds a refined finishing touch. Occupying the entire upper level, the spacious primary suite serves as a true retreat with elevated community views, a sitting area, walk-in closet, and a private ensuite bath designed for relaxation and comfort. Outdoors, enjoy the benefits of carefree living with lawn maintenance and snow removal handled by the association, leaving more time to enjoy the neighborhood’s extensive amenities, including a pool, clubhouse, fitness center, game room, playground, and scenic walking and biking trails. Steeplechase residents enjoy access to a community setting paired with highly regarded local schools, including the sought-after Piccowaxen Middle School. The neighborhood is minutes from downtown La Plata’s local boutiques, restaurants, breweries, and seasonal events, while nearby shopping centers provide everyday conveniences. Outdoor enthusiasts will appreciate proximity to Gilbert Run Park, Tilghman Lake Park, and the Indian Head Rail Trail, while history and culture lovers can explore nearby museums and historic sites throughout Charles County and Southern Maryland. Convenient access to Routes 301 and 6 supports commuting to Joint Base Andrews, Naval Support Facility Indian Head, Washington, D.C., Northern Virginia, and other major employment hubs, making this home an ideal combination of comfort, convenience, and community. Mortgage savings may be available for buyers of this listing.
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.
