Welcome to 630 Bracey Drive in the highly desirable resort-style community of Tanyard Springs. This beautifully designed home offers four finished levels of living space, blending comfort, functionality, and modern style. The open-concept main level is ideal for both everyday living and entertaining, featuring a gourmet kitchen with granite countertops, a large center island, and a spacious walk-in pantry. Bright and inviting living spaces are enhanced by high ceilings, crown molding, and upgraded flooring throughout. The home includes four bedrooms, three full bathrooms, and two half bathrooms, including a spacious primary suite with dual vanities, a large walk-in shower, and an oversized walk-in closet. A standout feature is the loft level with access to a private rooftop deck, offering a peaceful outdoor retreat. Additional outdoor spaces include a deck off the kitchen and a fully fenced backyard, creating a rare three-level outdoor living experience. Solar panels provide added energy efficiency, while a two-car attached garage and driveway parking add everyday convenience. Residents of Tanyard Springs enjoy exceptional amenities across more than 110 acres of preserved green space, including a community pool, tennis courts, clubhouse, fitness center, dog parks, playgrounds, walking trails, pavilions, and a community garden. Conveniently located near MD Route 100, I-695, BWI Airport, Fort Meade, NSA, Baltimore, Annapolis, and Washington, DC, this home offers the perfect balance of suburban living and commuter accessibility. This exceptional property offers spacious living, impressive outdoor spaces, energy efficiency, and outstanding community amenities—a place you’ll be proud to call 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.
