9005 Cumberland Dr, Irving, TX 75063
3 beds · 2 baths · 1,653 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 9005 Cumberland Drive in the heart of Irving, TX, nestled in a highly desired Valley Ranch neighborhood within Coppell ISD. This charming property sits on an oversized lot and features three spacious bedrooms, two well-appointed bathrooms, and a modern kitchen that opens up to a cozy living area. The inviting layout seamlessly blends functionality with abundant natural light. One of the standout features of this residence is the delightful saltwater pool—your private oasis for a refreshing escape. The large backyard is perfect for family fun and entertaining, featuring a play set, multiple gardening areas, fruit trees and a gas grill. For nature enthusiasts, the backyard opens directly to a green belt and jogging trails, just blocks away from the community park. Additionally, this home offers an assumable loan with a competitive 4.5% interest rate, providing a fantastic financial opportunity for the next homeowner. Experience the perfect blend of convenience and leisure at 9005 Cumberland Drive. Don't miss your chance to make this exceptional property your new home. Contact us today to schedule a private tour!
Source: NTREIS #20851016
All values shown are estimated costs / mo.
Source: Public records
Source: NTREIS #20851016
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.
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.
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.
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 620, 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.