Who wants to assume this low rate FHA loan?? This 4-year-old home offers an assumable FHA loan at close to list price for qualified buyers, potentially allowing you to purchase with very little money down while securing an attractive existing interest rate for the length of the loan! Located in Tortosa, this 5-bedroom, 3-bathroom home features a bright, open-concept floor plan. The gourmet kitchen offers upgraded 42-inch cabinets, elegant white quartz countertops, abundant storage, and gas appliances. A separate dining area provides additional space for family meals right next to the kitchen. Step outside to a thoughtfully upgraded backyard featuring new premium artificial turf with a transferable warranty, new gutters with a transferable warranty, and a natural gas stub ready for your B or future outdoor kitchen. For even more enjoyment, a separate swim spa with heater/chiller is available for purchase outside of escrow, providing year-round relaxation, fitness, and entertainment.
Yes, as long as you meet the lender's credit (620+) and DTI requirements. FHA assumptions require you to use the home as your primary residence.
You need to cover the seller's equity of $28,850. If you don't have that in cash, we can help structure secondary financing to cover the gap.
No — FHA loans require owner-occupancy. If you're an investor, ask us about our VA inventory.
Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.
Cash covers the gap between the price and the existing loan balance. Changing this amount does not change the existing mortgage payment.
P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.
Asking price minus remaining loan balance. Closing costs are additional.
The equity gap is covered. Closing costs and assumption fees still need to be confirmed.