1501 Glen Valley Dr, Irving, TX 75061
5 beds · 3 baths · 2,842 sqft
Welcome to this charming 5-bedroom home in the desirable Hospital District! Offering a fantastic blend of updates and untapped potential. Situated on a spacious lot with a large backyard, this property provides plenty of room for outdoor activities, gardening, and entertaining. Inside, you'll find a sunken living room with a cozy fireplace, creating a warm and inviting atmosphere perfect for family gatherings or quiet nights in. The expansive floor plan includes five generous bedrooms, offering plenty of space for everyone’s rooms or creating flexible spaces for an office, playroom, or guest rooms. Two spacious bedrooms are located downstairs, including the primary bedroom that has 3 closets with a gorgeous updated bathroom. Formal living and dining room are located at the front of the home and offer a large bay window and vaulted ceiling in formal dining area. Upstairs you’ll find 3 bedrooms, two of which share a jack and Jill bathroom that offers access from the hallway as well, and plenty of storage. The large backyard is a standout feature, offering endless possibilities for outdoor living and relaxation. The home features some updates throughout, but there’s still room for you to add your personal touch and truly make it your own.Located in the heart of Irving, this house provides the perfect balance of comfort and potential. Don’t miss the opportunity to make this home yours! Easy access to highways. Floorplan located in the pictures, virtual tours is available as well. Roof was replaced July 2020 as well as the carpets and upstairs windows (some of the downstairs windows were already replaced by the previous owner). Fresh water lines in house were replaced in January ask your agent to send you the plumbing document showing the work done.
Source: NTREIS #20861525
Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Have questions? Email support@withroam.com
Source: Public records
Source: NTREIS #20861525
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.