Located within the gated village of The Alcove in Arbor Greene, this beautifully updated pool home combines timeless design, functional living space, and one of New Tampa’s most sought-after resort-style communities. Situated on a private fenced conservation homesite, this 4-bedroom, 3-bath home with a dedicated office/den, oversized bonus room, and 3-car garage offers over 3,000 square feet of thoughtfully designed living space with an open and highly livable floor plan. The main living areas have been extensively updated with rich dark engineered hardwood flooring, creating a warm and sophisticated feel throughout the home. Neutral designer paint colors complement the natural light and volume ceilings, giving the entire property a fresh, modern look while maintaining the comfort and functionality Arbor Greene buyers are looking for. The kitchen opens seamlessly to the spacious family room and features solid wood cabinetry, a breakfast bar, built-in desk area, closet pantry, separate dinette space, and direct views of the pool and conservation beyond. Formal living and dining spaces provide flexibility for entertaining, while the private office/den offers an ideal work-from-home setup. The first-floor primary suite overlooks the peaceful backyard and includes dual vanities, a garden tub, separate walk-in shower, and generous closet space. Upstairs, the large bonus room creates the perfect secondary living area, media room, game room, or teen retreat with additional storage space rarely found in homes of this era. Outdoor living is equally impressive with a screened pool, newly sealed pavers surrounding the pool deck, covered lanai space, and a fenced yard ideal for pets, entertaining, or simply enjoying the privacy of the conservation setting. A brand-new tile roof adds significant long-term value and peace of mind. Arbor Greene is one of New Tampa’s premier master-planned gated communities, spanning nearly 600 acres of mature landscaping, lakes, nature preserves, and walking trails. Residents enjoy 24-hour manned security along with resort-style amenities including two community pools, a junior Olympic lap pool, fitness center, tennis courts, pickleball courts, playgrounds, parks, and a beautifully renovated clubhouse with year-round community events and activities. Located just minutes from top-rated schools, shopping, dining, hospitals, golf, Flatwoods Park, I-75, and downtown Tampa access, this home offers the combination of location, privacy, updates, and community lifestyle that is increasingly difficult to find in New Tampa.
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.
