Welcome to this beautifully maintained 4 bedroom, 3.5 bath home in the highly desirable waterfront community of Tanyard Cove. Offering spacious living, modern finishes, and resort style amenities, this home delivers both comfort and convenience in one of Anne Arundel County’s most vibrant neighborhoods. Step inside to a light filled open main level featuring rich hardwood flooring and recessed lighting throughout. The expansive living room flows seamlessly into the gourmet kitchen, creating the perfect layout for everyday living and entertaining. The kitchen showcases granite countertops, crisp white cabinetry, stainless steel appliances including a double door refrigerator with ice maker, a stylish tile backsplash, and an oversized island with an additional raised bar that comfortably seats six. The adjacent dining area opens to the upper level deck through sliding glass doors, creating the ideal indoor outdoor connection for summer gatherings and evening relaxation. A convenient half bath completes the main level. Upstairs, the spacious primary suite offers a tray ceiling, ceiling fan, plush carpeting, and a large walk in closet. The private en suite bath features a dual vanity and walk in shower. Three additional bedrooms with ceiling fans and generous closet space share a well appointed hall bath, providing flexibility for family, guests, or home office needs. The fully finished lower level expands your living space with a versatile recreation area, fourth bedroom, and full bath, making it ideal for a guest suite or multigenerational living. A second exit leads directly to the backyard for added convenience. Parking is effortless with a two car garage and paved driveway. Living in Tanyard Cove means access to over 140 acres of thoughtfully designed amenities including scenic walking and biking trails, complimentary bike rentals, a community pool with lap lanes, fitness center, clubhouse, dog park, and multipurpose field. Residents also enjoy exclusive access to the gated marina featuring kayaks, a fire pit, pavilion with picnic tables, and charcoal grills, all set against stunning sunset views along the water. Conveniently located near Fort Meade, BWI Airport, Baltimore, Annapolis, Washington DC, shopping, and dining, this home offers the perfect blend of lifestyle and location. Do not miss the opportunity to call this exceptional property home. Assumable VA Interest Rate Available 3.25%
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.
