Welcome Home! 7132 Tanager Ave is a beautifully updated end-unit townhome located in the highly desirable Tanyard Springs community, offering the space, upgrades, and location today’s buyers are looking for. This home features 3 bedrooms, 3 bathrooms, a 1-car garage, and 1-car driveway, providing both comfort and functionality across three finished levels. As an end unit, the home offers additional natural light and a more open feel throughout. The main level has been refreshed with new luxury vinyl plank flooring, creating a clean and modern look that flows seamlessly through the primary living spaces. Fresh paint throughout the home, including walls, ceilings, trim, and doors, gives the entire property a bright and updated feel. The kitchen has been thoughtfully improved with new quartz countertops, new sink and new faucet, offering both style and everyday functionality. Updated lighting fixtures enhance the breakfast area and bathrooms for a brightened finished look throughout the home. Upstairs, new carpet has been installed in the hallway and all bedrooms, creating a comfortable third level. This home offers a practical layout with well-sized bedrooms and multiple full bathrooms that provide flexibility for everyday living. The finished lower level adds additional living space along with a half bathroom, creating a seamless extension of the home that works well for guests, a secondary living area, or flexible use. Outdoor living is just as enjoyable with a deck, offering space to relax or entertain. Exterior improvements include a professional exterior wash and siding repair that contribute to the home’s overall condition and curb appeal. Located in Tanyard Springs, residents enjoy access to community amenities such as walking trails, pool, tennis courts, fitness center, outdoor spaces, clubhouse and a convenient location close to shopping, dining, commuter routes, BWI Airport, Fort Meade, and major highways connecting to Baltimore, Annapolis, and Washington, D.C. A thoughtfully updated home offering comfort, convenience, and value in one of Glen Burnie’s most sought-after communities.
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.
